Fujitsu returns to profit with healthy sales

Jan 30, 2014

Japan's Fujitsu swung back to profit in the three months to December thanks to brisk sales in PCs and networking services for public and business customers, as well as a weaker yen, the company said Thursday.

The sprawling IT conglomerate said it logged a net profit of 12 billion yen ($117 million) in the third quarter of the fiscal year, against an 80.8 billion net loss a year earlier.

Revenue rose more than 14 percent to 1.2 trillion yen, compared with 1.05 trillion yen 12 months earlier

"Sales of system integration services increased, primarily in the public sector and financial services sector," Fujitsu said in a statement.

"Sales of PCs also grew, primarily to enterprise customers. Sales of car audio and navigation systems in North America increased."

Fujitsu president Masami Yamamoto said in the statement: "We expect to maintain this momentum for the rest of the fiscal year, and will continue to pursue ongoing structural reforms in the (microchip) device business and businesses outside Japan."

In the nine months to December, the company, which has been overhauling a troubled semiconductor division, posted 2.3 billion yen in net profit, recovering from a 95.2 billion a year earlier.

It slightly upgraded its forecast for the year to March, expecting 4.68 trillion yen in sales and 45 billion in .

Explore further: David Goldberg, tech exec married to 'Lean In' author, dies

Related Stories

Japan's Fujitsu hit by third-quarter loss

Jan 31, 2012

Japanese high-tech giant Fujitsu plunged into a net loss for the three months to December, it said Tuesday, as it slashed its full-year sales and profit forecast.

Toshiba swings to profit as devices sell well

Jul 31, 2013

Japan's Toshiba on Wednesday reported $54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.

NEC swings to quarterly net profit

Jan 31, 2013

Japanese information technology firm NEC said Thursday it had swung to a net profit in the October-December quarter, thanks in part to improved sales in defence systems and mobile networks.

Japan's Fujitsu says posts 16% fall in Q1 profit

Jul 27, 2012

Japanese high-tech giant Fujitsu on Friday said its first quarter net loss widened and cut its sales forecast for the fiscal year as it was hit by weaker demand and a strong yen.

Recommended for you

Google embeds engineers as professors

16 hours ago

Howard University freshman Alanna Walton knew something was different about the professor teaching her introduction to computer science course.

Uber office raided in southern China: report

May 01, 2015

Taxi app Uber's office in the southern city of Guangzhou has been raided by authorities, a report said Friday, in an apparent crackdown on the Internet ride-sharing service.

Prime minister wants Japan to learn from Silicon Valley

May 01, 2015

Japan Prime Minister Shinzo Abe gave California's governor a hint of what it would be like inside a Japanese-made bullet train Thursday, displaying a train simulator for Gov. Jerry Brown during a meeting ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.