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General

Fujitsu result hit by Thai flooding, weak IT demand

Tuesday 31 January 2012 | 10:09 CET | News
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Fujitsu cut its outlook for the fiscal year to March 2012, citing disruptions to supplies from the flooding in Thailand, weak demand for LSI devices and a delayed recovery in ICT spending in its home market Japan and abroad. The company now expects annual sales of JPY 4.49 trillion, down from an estimate last October of JPY 4.54 trillion and a reported JPY 4.53 trillion in the previous fiscal year. The forecast for operating profit falls to JPY 100 billion from JPY 135 billion, and net profit is estimated to drop to JPY 16.9 billion from JPY 26.6 billion the previous year. For the three

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Categories: General
Companies: Fujitsu
Countries: World
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