Fujitsu Siemens breaks into the black
Fujitsu Siemens Computers BV has finally broken into the black and has forecast that it will be able to achieve revenue growth ahead of the overall IT hardware market in the current financial year. In the year to March 31, it made pre-tax income of 29m euros ($26.4m), up from a loss of 71m euros ($64.6m) on revenue of 5.4bn euros ($4.9bn), down from 5.9bn euros ($5.4bn).
The Amsterdam, Netherlands-based joint venture of Fujitsu Ltd and Siemens AG is targeting mobility and business critical computing as area for expansion this year as they are markets set for above-average expansion.
CEO Adrian Hammerstein said that signs of recovery are not yet tangible so growth will have come from areas where customers are still investing, such as the SME sector. It has therefore invested 10m euros ($9.1m) in a channel strategy and has forged Europe-wide deals with distributor Tech Data and Ingram Micro.
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