Fujitsu
Siemens Computers to declare over 600 % increase in profits for
2003-2004 fiscal year
Posted: 8 April 2004
The company’s 19 % growth in fiscal year 2003-2004
helped it to outperform the market
Fujitsu Siemens Computers, the leading international IT company,
is set to deliver a profit before tax of €57 million for the
2003-2004 fiscal year ending 31 March 2004, a 613 per cent increase
over the previous fiscal year, according to provisional results
announced by the company recently. Revenue is projected to be nearly
flat at €5,300 million, compared to €5,330 million in
the previous year.
For the full fiscal year (March 2003-April 2004), the company recorded
unit volume growth of 19 percent which was, however, offset by the
impact of the declining US dollar. Relative gross margin remained
almost stable, despite intense competitive pressure in the market.
Additionally, the company achieved a four percent decrease in operating
expenses, according to the provisional figures.
“The year 2003-2004 has been a highly rewarding year for
Fujitsu Siemens Computers, as we focused our strategies on products
designed for mobility and business critical computing,” said
Jacquie Carson, Marketing & Communications Director, Fujitsu
Siemens Computers. “In the second half of the fiscal year,
the growth in unit volumes touched 25 per cent, significantly boosting
the profit levels and helping the company to outperform the market.
In the Middle East, we continued to maintain an upward trend, securing
several major deals from Large Enterprise sector as well as gaining
market share in the SME and consumer segment.”
Fujitsu Siemens Computers has fixed ambitious targets for the year
2004, with a growth projection of 5% in revenues. The company is
on course to outgrow the market by at least 5%. The target growth
areas will be Mobile PCs and IA-based PRIMERGY servers.
In the new fiscal year, FSC will be concentrating on SAP business
where it intends to grow by 60%. It will focus on adding resources
in the professional services area to provide technical consultancy
for end-to-end design of systems, IT infrastructures and applications
as well as services for interoperability, platform design, integration
and project management to include vertical application scalability
and integration.
“The robust IT growth recorded in the Middle East presents
us with an excellent opportunity to provide solutions tailored to
our customers in the region,” said Carson. “Having made
impressive gains over the past two years, we are poised to consolidate
our position as one of the top IT vendors, delivering solutions
that help customers leverage cutting edge technology to adopt new
business processes. Fujitsu Siemens Computers will bring to the
region’s businesses the most advanced products that are helping
businesses worldwide achieve optimum results.”
About Fujitsu Siemens Computers
Fujitsu Siemens Computers is Europe's leading IT company with a
strategic focus on next-generation Mobility and Business Critical
Computing products, services and solutions. With a portfolio of
exceptional depth, its offering extends from handhelds through desktops
to enterprise-class infrastructure solutions. The company has a
strong presence in all key markets across Europe, the Middle East
and Africa. Leveraging the strengths, innovative drive and global
reach of its joint shareholders, Fujitsu Limited and Siemens AG,
Fujitsu Siemens Computers meets the needs of large corporations,
small and medium enterprises and private users.
For more information see www.fujitsu-siemens.com
Posted by Richard Price,
Editor Pipeline Magazine
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