Fujitsu announced its quarterly results this week (its Q2 coincides with calendar Q3). These show some interesting trends. For instance:
- Although it showed an 11% decline in revenues to ¥11,423 verses the same period in 2008, this is equivalent to a 3% growth if the company were reporting in $US.
- Its growth in EMEA was around 100% when converted to Euros, which is explained by the acquisition of Fujitsu-Siemens earlier in the year and an easier compare.
- Headcount has also increased over the year, again increased by the acquisition, although its financial statements confirm the planned reduction of 1,200 staff in the UK.
So it’s difficult to see the extent to which the company is beating the downturn. I’ll try to make a judgement later by comparing Siemens’ own revenues. In other news Fujitsu also announced a major outsourcing deal with a very large German bank, which I’ll cover in another article.
How do you think Fujitsu is doing. Have you noticed any changes since the take over of Fujitsu-Siemens? I’ll be visiting the new company in Munich in a couple of weeks, so give me some questions to ask them by commenting on this post.
Filed under: Fujitsu | Tagged: Fujitsu, Fujitsu Siemens, headcount, revenues
