Fujitsu results: good mid-table performance
PrintNeeds bigger offshore presence
Posted in IT Channel, 13th June 2007 10:19 GMT
Free whitepaper – Straight Talk with Dell: Sending out an SaaS
Fujitsu Services posted a good increase in revenue profits and claimed a record forward order book of £6.6bn, up from £6.5bn last year.
For the year ended 31 March 2007, Fujitsu made a profit before tax of £172m, up 11.5 per cent on last year, and increased turnover by 7.5 per cent to £2,465m.
CEO David Courtley said the results showed good organic growth of Fujitsu's major clients like the UK government and KLM in Holland.
Ovum analyst Angel Dobardziev described the results as a solid mid-table performance - better than Atos Origin and Getronics, but not quite as good as Accenture or Indra. Dobardziev said Fujitsu needs more offshore and nearshore - Russia and eastern Europe - operations to compete with its peers.
More from Fujitsu here.
Ovum's comments are here. ®
Free whitepaper – Straight Talk with Dell: Sending out an SaaS
The Register Agile Data Center Summit
Straight Talk with Dell: Sending out an SaaS
Seven ways to optimize VMware server virtualization
Automating the Acquisition Process with Enterprise Level CRM
Sign up, sign up for The Register IT security newsletter
Microsoft's Windows 7 price gamble - and why it's flawed
Managing Desktop Software for fun and profit
Intel's flash new SSDs hit by bugs