Feeds

Fujitsu Siemens sets massive growth target

They must be really high

Combat fraud and increase customer satisfaction

CeBIT Fujitsu Siemens stuck its neck out today when it set itself the target of hitting €10bn turnover by 2008.

CEO Bernd Bischof set the ambitious goal as he unveiled preliminary results for the fiscal year ending March 2006. The company expects turnover to come in at €6.7bn, with pre tax profit of €120m. The fastest growth rates were Middle East and Africa, at 51 per cent, and Eastern Europe at 48 per cent.

The biggest growth by product category was in consumer mobiles, at 29 per cent, and business mobiles at 23 per cent. While Bischoff was wary about setting targets for this year, he said the company planned to hit €10bn in 2008, with profits of €250m. “I think €10bn sounds good.”

Well, that’s as good a business strategy as any.

More specifically, the company has set itself the target of growing at five percentage points ahead of the market average.

Ambitious, but its revenues have been given a boost at the addition of the product-related services (PRS) business it took over from Siemens a few months ago.

But while the services business will give a boost to revenues straight away, a bottom line effect may take a little longer. Bischoff said he hoped to get the services unit into the black within a year. He was coy whether this will be achieved, in part, through layoffs, saying, “we still need some restructuring".

Bischoff also sought to play down charges that the PRS acquisition would lead to channel conflict, insisting that it would, if anything, deepen its integration with its partners. ®

3 Big data security analytics techniques

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?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
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
prev story

Whitepapers

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.
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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.