Fujitsu-Siemens CEO Adrian v. Hammerstein has revealed the company has generated flat revenues of E2.45 billion for the first six months of the 2002/2003 financial year running from April to September 2002. The company claims that this performance is ahead of a shrinking IT market.
Fujitsu-Siemens reported a preliminary operating profit of E2 million for the period. Over the last two quarters the company has undertaken restructuring in an amount of E23 million. As a result, it posted a preliminary pre tax loss of E21 million.
In an IT market going backwards, our forward momentum continues with revenue performance ahead of the market and we achieved our operating profitability target, said Adrian v. Hammerstein, CEO of Fujitsu Siemens Computers. We reacted quickly to the deteriorating market conditions. Enterprise and Channel sales initiatives combined with rigorous cost saving measures enabled us to achieve this encouraging half year result.
Fujitsu-Siemens has also launched a new range of PCs aimed at the global market. The company will sell Fujitsu-Siemens branded products in Asia and the US from January 2003.