Revenue down 19% at $11.58 billion
Fujitsu has reported a net loss of JPY 40.75 billion ($447m) for the third quarter 2008, against net income of JPY 5.53 billion ($49.26m) in the year-ago quarter, on revenue down 19% at JPY 1,053 billion ($11.58 billion).
It made an operating loss of JPY 25.18 billion ($277m) compared to operating income of JPY 46.66 billion ($415.7m) in the same period last year.
The Tokyo-based company said technology solutions revenue fell 10% to JPY 685.1 billion ($7.52 billion), while ubiquitous product solutions revenue declined 33% to JPY 205.9 billion ($2.26 billion). Device solutions revenue declined 31% to JPY 139.4 billion ($1.53 billion), while other operations revenue fell 22% to JPY 105.2 billion ($1.15 billion).
Geographically, Americas revenue declined 28% to JPY 82.06 billion ($901.78m), while Japan revenue fell 15% to JPY 858.69 billion ($9.43 billion). EMEA revenue fell 33% to JPY 135 billion ($1.48 billion), while APAC and China revenue declined 32% to JPY 152.43 billion ($1.67 billion).
For the nine-month period, the company reported a net loss of JPY 36.1 billion ($397m) compared to a loss of JPY 3.8 billion ($41.7m) a year ago, on revenue down 8% at JPY 3,507.6 billion ($38.55 billion).
Fujitsu president, Kuniaki Nozoe, said: Our business operations remained profitable despite a harsh economic climate. We’ve proven that we can consistently generate profits in the IT services business, but overall we’re not satisfied with the results. I’m confident that the measures we take in the coming months will put us in a better position to grow once the global economy turns the corner.
For the fiscal year the company expects revenue of JPY 4,700 billion ($51.6 billion), operating income of JPY 50 billion ($549m), and a net loss of JPY 20 billion ($219.7m).