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Fujitsu FY results fall short of forecast

Thursday 28 April 2016 | 13:27 CET | News
Fujitsu reported annual results below its forecast, hurt by the stronger yen and restructuring charges mainly in North America. Revenues for the year were essentially flat at JPY 4.739 trillion, missing its target by JPY 61 billion due to the strengthening yen late in the year and and lower-than-anticipated revenue from network products. In Japan, revenue from network products and PCs declined, but revenue from system integration services increased. Outside Japan, revenue from network products declined, but results benefited from foreign exchange movements. Overall, the company suffered from

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Categories: IT / Mobile & Wireless
Companies: Fujitsu
Countries: Japan / World
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