Fujitsu’s Q1 net profit down 90.3% y/y to USD65.7 million
Japanese supplier reaffirms FY2019/20 financial guidance
Fujitsu Limited has reported 90.3% year-over-year (y/y) decline in net profit to JPY7.1 billion (USD65.7 million) in the first quarter ended 30 June 2019, the company said in a press release. The company also recorded 95.7% y/y decline in operating profit to JPY3.34 billion. Fujitsu reported sharp decline in profits as revenue dropped 3.3% y/y to USD838.7 billion.