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Fujitsu Services builds on success, increasing profit before tax by 69% and achieving a record order book of £6.2bn

Preliminary audited results

June 03, 2005

Fujitsu Services Holdings PLC, one of Europe’s leading IT services companies, today announced its financial results for 2004/05. The company made an operating profit before exceptional items of £73.8 million and a profit before tax of £85.0 million in the year ended 31 March 2005, an increase of 69% from 2003/04. The company’s order book has grown to £6.2 billion.

2004/05 was an excellent year for Fujitsu Services with a total revenue of £1,986.1 million, an increase of 14.5% from 2003/04. Good performance and growth in UK Government business plus a significant upturn in commercial sector new business, for example in retail and financial services, have all contributed to the company’s growth.

David Courtley, CEO, commented: “Fujitsu Services continues to improve substantially since its return to profit in 2002/03. Major customers appreciate not only our capabilities but also our straightforward approach to business, and another year of solid growth and significant profit increase is testament to this.”

He continued: “Not only have we increased revenue and profit this year, but the order book stands at a record £6.2 billion. This strong pipeline will fuel revenue growth next year and secure strong foundations for the long term success of our business.”

Table of financial results:

2004/052003/04
£m£m
Turnover
- Continuing Operations 1,986.11,727.6
- Discontinued Operations -7.7
Total1,986.11,735.3
Total operating profit before exceptional items73.854.3
Total operating profit after exceptional items69.236.6
Profit before tax85.050.4
Shareholder’s funds 427.7347.5
Net cash and equivalents70.293.4

"Nature of financial statements

This press release is not the full financial statements of Fujitsu Services Holdings PLC. The table of financial results contained in this release is an extract from the full financial statements for the year ended 31 March 2005. The report of the auditors on those financial statements was unqualified. The financial statements for the year ended 31 March 2005 will be delivered to the Registrar of Companies and copies will be available from The Company Secretary, 26 Finsbury Square, London EC2A 1SL."

About Fujitsu Services

Fujitsu Services is one of the leading IT services companies in Europe, Middle East and Africa . It has an annual turnover of £1.74 billion, (€2.58 billion) employs 14,500 people and operates in over 20 countries. It designs, builds and operates IT systems and services for customers in the financial services, telecom, retail, utilities and government markets. Its core strength is the delivery of IT infrastructure management and outsourcing across desktop, networking and data centre environments, together with a full range of related services, from consulting through integration and deployment. Headquartered in London , Fujitsu Services is the European-centred IT services arm of the Fujitsu Group. The Fujitsu Group is a US$45 billion (€37 billion) leader in customer-focused IT systems and services for the global marketplace.

Phil Dwyer

Phone: Phone: +44 (0) 20 7386 1480
E-mail: E-mail: phil.dwyer@fireflycomms.com
Company:Firefly Communications

Graham Goulden

Phone: Phone: + 44 (0) 1753 604736
Fax: + 44 (0) 1753 604669
E-mail: E-mail: graham.goulden@uk.fujitsu.com
Company:Fujitsu Services

Date: 03 June, 2005