Thursday 1 May 2014

Fujitsu swings back into the black

POLITICAL ECONOMY
Fujitsu swings back into the black
Tokyo (AFP) April 30, 2014 - Japan's Fujitsu said Wednesday it swung back into the black, posting an annual net profit after aggressive cost-cutting and stronger demand at home for its computer offerings. The sprawling IT conglomerate earned 48.6 billion yen ($474 million) for the fiscal year to March, reversing a net loss of 79.9 billion in the previous year. Operating profit soared 61.5 percent to 142.5 billion ye ... more


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