0
General

Fujitsu narrows losses in Q1, sales down 7%

Thursday 28 July 2016 | 12:33 CET | News
Fujitsu narrowed its net loss for the first quarter to JPY 14.0 billion from JPY 18.8 billion a year ago. Revenue still fell by 7.4 percent to JPY 986.5 billion as growth in services was offset by the weaker smartphone market. Fujitsu recorded an operating loss of JPY 11.2 billion, an improvement of 16.0 billion over the last year thanks to cost reductions and efficiencies in PCs and mobile phones, as well as lower restructuring costs. Fujitsu maintained its outlook for full-year sales down slightly and stable profits.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Fujitsu
Countries: Japan / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Fujitsu profit up in fiscal Q2 to JPY 25.9 bln

Published 27 Oct 2016 16:24 CET | World
Fujitsu reported a profit for the second fiscal quarter attributable to owners of the parent of JPY 25.9 billion, representing an ...

Fujitsu to cut up to 1,800 UK jobs

Published 12 Oct 2016 09:53 CET | United Kingdom
Fujitsu has announced plans to cut up to 1,800 jobs in the UK starting from 2017, reports the Guardian. The workforce reduction ...

Fujitsu in talks to combine PC business with Lenovo

Published 06 Oct 2016 08:43 CET | Japan
Fujitsu is considering merging its PC business with Lenovo, the world's biggest PC manufacturer, a source familiar with the ...

Fujitsu FY results fall short of forecast

Published 28 Apr 2016 13:27 CET | Japan
Fujitsu reported annual results below its forecast, hurt by the stronger yen and restructuring charges mainly in North America. ...

Fujitsu cuts FY outlook on weak Europe, PC market

Published 29 Jan 2016 12:44 CET | World
Fujitsu has lowered its outlook for results in the fiscal year to March 2016, blaming weaker demand for its technology services ...

Fujitsu to split PC, smartphone business, create IoT unit

Published 29 Oct 2015 11:02 CET | Japan
Fujitsu announced plans to restructure its Ubiquitous Solutions division, creating separate units for PCs, smartphones and the ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep Submarine Networks Wold 2020
23 Sep China SDN/NFV/AI Conference
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
::: More Calendar Items