Fujitsu ( (FJTSF) ) has released its Q2 earnings. Here is a breakdown of the information Fujitsu presented to its investors.
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Fujitsu Limited is a leading Japanese multinational information and communication technology company, primarily engaged in offering a wide range of technology products and services globally. The company is listed on the Tokyo and Nagoya stock exchanges.
Fujitsu’s latest earnings report for the first half of fiscal year 2024 shows a slight downturn in revenue, which declined by 0.9% to 1,696,676 million yen compared to the same period in the previous year. Despite this, the company saw a significant improvement in operating profit, which increased by 28.5%, reaching 56,395 million yen.
Key financial metrics from the report highlight an adjusted operating profit of 330,000 million yen for the full fiscal year 2024, marking a 16.3% increase. However, the profit attributable to owners of the parent decreased by 4.2% to 226,000 million yen. Notably, there was a significant decrease in total comprehensive income for the period, which fell by 66.3% compared to the first half of FY 2023.
Looking ahead, Fujitsu’s management remains cautiously optimistic about future performance, focusing on strategic initiatives to drive growth and manage ongoing challenges in the global market. The company aims to maintain its position in the competitive ICT sector while adapting to market dynamics and technological advancements.
