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Fujitsu reports soaring success for managed IT services

Preliminary audited results for Fujitsu Services in the year ended 31 March 2005 have displayed soaring profits before and a record order book.

The company says that for the financial year it made an operating profit before exceptional items of £73.8m and a profit before tax of £85m, an increase of 69% from the corresponding period a year ago.   The company’s order book has grown to £6.2bn. Total revenue for 2004/05 was £1,986.1m, an increase of 14.5% from 2003/04.

Fujitsu attributes the performance to growth in UK Government business plus a significant upturn in commercial sector new business, for example in retail and financial services, have all contributed to the company’s growth. Comments CEO David Courtley: “Fujitsu Services continues to improve substantially since its return to profit in 2002/03.  Major customers appreciate not only our capabilities but also our straightforward approach to business, and another year of solid growth and significant profit increase is testament to this.”
 
He adds: “Not only have we increased revenue and profit this year, but the order book stands at a record £6.2bn.  This strong pipeline will fuel revenue growth next year and secure strong foundations for the long term success of our business.”

 


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