A logo at the Siemens Energy AG gas turbine factory in Berlin, Germany, on Tuesday, Feb. 2, 2021. Siemens Energy will cut roughly a sixth of workers from its gas and power division in the latest sign that the worldwide shift to green energy is upending the fossil-fuel businesses. Photographer: Liesa Johannssen-Koppitz/Bloomberg Photo by Liesa Johannssen-Koppitz / Bloomberg

(Bloomberg) — Siemens AG’s revenue and orders rose in its fiscal third quarter after robust demand for the German industrial manufacturer’s rail products offset a decline at the software business.

Comparable revenue for the period climbed 5% to €19.4 billion ($22.7 billion), Siemens said Thursday. Orders at the mobility division more than tripled after the company secured a €3.5 billion deal linked to the construct

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