Fujitsu has reported a net income of JPY 72.4bn ($804m) for the second quarter 2009, compared to a net income of JPY 4.3bn ($46.7m) in the same quarter last year. Revenue was down 11% at JPY 1.14 trillion ($12.7bn). Skip related content
Operating income declined 42% to JPY 18.9bn ($210m) compared to income of JPY 32.7bn ($35m) in the same period last year. During the quarter the company sold its 5% stake in industrial robot maker Fanuc for approximately JPY 89bn ($945m).
The Tokyo-based company said technology solutions revenue fell 8.8% to JPY 754.1bn ($8.2bn), while ubiquitous product solutions revenue declined 5.5% to JPY 236bn ($2.6bn). Device solutions revenue declined 23% to JPY 137.2bn ($1.5bn), while other operations revenue fell 26% to JPY 95bn ($1bn).
Geographically, Americas revenue declined 25% to JPY 80bn ($869m), while Japan revenue fell 19% to JPY 825bn ($9bn). EMEA revenue grew 43% to JPY 245bn ($2.7bn), while APAC and China revenue declined 28% to JPY 151bn ($1.64bn).
Michiyoshi Mazuka, president of Fujitsu, said: "For the first half of the year, we beat our earnings target despite a very challenging business environment. I’m confident that the resiliency of our core businesses and our dedication to lean, customer-centric management will enable us to meet our targets for the full year."
For the fiscal year, it has changed its revenue projection to JPY 4.8 trillion ($52.1bn), operating income to JPY 90bn ($977m), and net income to JPY 95bn ($1bn).
