MUNICH, Siemens AG says net profit fell slightly in the most recent quarter as better earnings from 
sales of medical equipment were offset by slower business at its power and gas division.
Profits for the April-June quarter were also hurt by 274 million euros ($301 million) in severance charges as the maker of gas turbines, trains and other heavy equipment streamlined to cut costs.
Net profit eased 2 percent to 1.376 billion euros, down from 1.399 billion euros in the same quarter a year ago. Revenue rose 8 percent to 18.844 billion euros.
Siemens wind division saw orders fall by 65 percent due to a low level of large orders. Revenue was down one percent to 1.41 billion euros.
Despite those numbers, profit increased by 26 percent, mainly due to a boost in offshore projects.