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General

Fujitsu revenues, profit fall, hit hard by restructuring charges

Friday 26 October 2018 | 09:53 CET | News
Fujitsu revenues and profit fell in the second quarter, as expected, on the back of restructuring charges following the sale of most of its PC operations to Lenovo in May. Revenues for the quarter declined 3.4 percent from the year before to JPY 966.8 billion, though they were higher than the 867.6 billion recorded in the first quarter. The figure was hit by restructuring charges of around JPY 40.0 billion for the company's PC and mobile device businesses, as well as, to a lesser extent, lower demand for network products and LSI devices. Revenues would have been up without the charges, helped

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Categories: General
Companies: Fujitsu / Lenovo
Countries: Japan / World
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