Feeds

Fujitsu plans on sacking thousands

Major restructure

  • alert
  • submit to reddit

High performance access to file storage

Fujitsu has said its is going to lose ¥220 billion ($1.78 billion) for the year and axe thousands of jobs.
But it is planning a major restructure and has said it's going to take a ¥280 billion ($2.26 billion) special loss for the first half of the business year to next March to pay for it.

Fujitsu has reported a loss of ¥55.4 billion ($450 million) for its Q1 ended June 30

The company is scaling back its flash memory plans as sales are stalling.

First quarter consolidated sales of services and software were 374.9 billion yen ($3 billion), an increase of 4 per cent from a year earlier. Performance was dragged down by weaker sales of services in Europe and North America as companies there restrained spending on IT.

The company’s information processing division reported consolidated sales of 325.3 billion yen ($2.6 billion), an increase of 2 per cent from the first quarter of last fiscal year. Although sales in Japan of PCs to consumers declined, business was boosted by continuing growth in sales of UNIX servers for businesses and higher sales of other large-scale enterprise servers. Overseas sales decreased, as sales of small form factor magnetic disk drives for desktop PCs declined, and cutbacks in IT spending led to sluggish demand for servers, particularly in the US. ®

Related Link

Fujitsu statement

Related Story

NEC feels the pain

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.