Fujitsu reports soaring success for managed IT services


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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