Robust IT sales drive
Fujitsu profits

31 Jan 2006

Japanese IT and communications giant Fujitsu reported impressive third-quarter revenues of US$9.5bn, up 7.5pc on the previous year. Growth, the company says, was led by sharply higher overseas sales of outsourcing services, Unix servers, PCs, optical transmission systems and hard drives.

Fujitsu’s consolidated net income for the third quarter was US$29m, an improvement over the US$11m loss recorded in the third quarter last year.

Division by division, sales in the company’s Technology Solutions segment, which includes sales of mobile communications base stations and optical transmission systems, were US$5.6bn, up 4.8pc driven by increased sales of Unix servers.

However, intensifying competition in Japan forced sales of Unix servers down. Overseas sales of services such as IT outsourcing increased in double-digit proportions in the UK.

Sales in the company’s ubiquitous products division, including PCs, mobile phones and hard disk drives were up 5.9pc on the year to US$2.1bn.

Looking to the company’s full-year projections for the fiscal year 2005, the company predicted total revenues of US$40.9bn and a profit of US$426m.

By John Kennedy