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Fujitsu profit quadruples despite high yen

Fujitsu profit quadruples despite high yen

Fujitsu's quarterly profit quadrupled from the meager earnings eked out a year earlier when the Japanese electronics maker racked up heavy losses from job cuts in Europe.
Fujitsu Inc., which provides technology services for mobile devices and servers, reported Friday it made October-December profit of 16.5 billion yen ($200 million), up from 4.1 billion yen the same quarter in 2009.
Sales dipped 4 percent to 1.096 trillion yen ($13.3 billion) as demand weakened in technology services and electronic components.
Sales were also hurt by the rising yen, which reduces the overseas earnings of Japanese exporters, erasing 45 billion yen ($544 million) from Fujitsu's sales.


Updated : 2021-05-08 01:40 GMT+08:00