Fujitsu reports USD657.3 million net profit for Q1 despite 6% y/y drop in revenue
Company reaffirms full-year financial guidance
Japan-based Fujitsu has reported net profit to JPY72.7 billion (USD757.3 million) in the first quarter ended 30 June compared with net profit of JPY2.1 billion a year earlier, the company said in a press release last week. The company also recorded strong growth in operating profit to JPY79.6 billion over JPY4.9 billion a year earlier. Fujitsu reported robust earnings growth in the first quarter despite witnessing 6% y/y drop in revenue to JPY867.7 billion.
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