Sunday 22 August 2021

*UKHotViewsExtra* Fujitsu Q1 marks encouraging start

fujitsuFujitsu’s Q1 revenue (three months to end June) came in at 801.9bn Yen, roughly in line with the comparable period last year. However, the firm saw operating profit shoot up 50% to 33.7bn Yen, with all segments experiencing improved profitability.

In Solutions and Services, margin improvements were the result of a variety of activities including an increase in the offshoring utilisation ratio (which has driven more remote development work and remote maintenance). In North West Europe, the picture was mixed in terms of sales - varying by segment. However, the number of less profitable deals declined, helping to lift overall profitability.

Fujitsu’s UK performance through its first quarter has proved to be both steady and positive and we caught up with NWE CEO, Paul Patterson, to hear more about the UK specifically. MORE…..

Posted by Kate Hanaghan at '15:35' - Tagged: results