Emerson Electric, the technology, and engineering company headquartered in Ferguson, Missouri manufactures goods and offers engineering services for the industrial, commercial, and consumer markets and operates across 170 manufacturing locations worldwide. Emerson generated $4,791 million in revenue for Q2 2022, an increase of 7.1% as compared to $4,473 million in revenue for Q1 2022.
Emerson Electric segregates its revenue into two segments: Automation Solutions, and Commercial & Residential Solutions, which had a revenue of $2,937 million and $1,857 million respectively in Q2 2022. Emerson also segregates revenue based on geographic regions namely the Americas ($2,342 million), Asia, Middle East & Africa ($1258 million), and Europe ($838 million). Emerson also generates revenue from the sale of software, customer support following contracts, parts, and labor for repairs, and engineering services all contributed to a share of the company's revenue.
In Q1 2021, Emerson announced that it had entered into a legal contract with Aspen Technology, Inc. (AspenTech) to merge Open Systems International, Inc. (OSI) and the geological simulation software business, two of Emerson's standalone industrial software businesses, and to provide $6.0 billion in cash to AspenTech shareholders. The result will be a new AspenTech, a diversified, high-performance industrial software leader with a greater scale.
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