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Fujitsu New Zealand records operating profit for 2019-20 financial year

News facts:
  • Fujitsu New Zealand has announced its results for the 2019-20 financial year.
  • Results include an operating profit of six per cent.
  • Service sales have grown 10 per cent year on year.
  • Results reflect a growing customer focus on digital and cloud solutions and services.
Wellington, September 03, 2020 - Fujitsu today announced its full-year financial results for New Zealand for the 2019-20 financial year. Fujitsu New Zealand recorded an operating profit of six per cent and a service sales growth of 10 per cent. Fujitsu’s operating profit for the year was NZ$4.5 million, up from NZ$4.2 million the previous year, while net profit after tax was NZ$3 million, down from NZ$3.8 million.

Mika Joronen, Country Manager, Fujitsu New Zealand, said, “The net profit result is due to a significant shift in revenue from traditional hardware sales to services, with an increased focus on digital and cloud solutions. This is good news for Fujitsu and our customers. Moving to a services-focused approach means customers can progress through their digital transformation plans and increase the agility of their business by leveraging the cloud. This is crucial for businesses wanting to scale while catering to the distributed, flexible workforce of the future.

“The subscription model allows customers to spread out their IT expenditure rather than face large, upfront costs to modernise their technology.”

The company also continues to grow its presence in the NZ market, gaining over 10 new clients in 2020 across enterprise and government organisations.

Mika Joronen said, “Fujitsu continues to work closely with customers, supporting their journey through digital transformation so they can adapt to the future of work, letting employees work securely from a wide range of locations and devices.”

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About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 130,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. For more information, please see www.fujitsu.com.

About Fujitsu Australia and New Zealand

Fujitsu Australia and New Zealand is a leading service provider of business, information technology and communications solutions. We partner with our customers to consult, design, build, operate and support business solutions. From strategic consulting to application and infrastructure solutions and services, Fujitsu Australia and New Zealand have earned a reputation as the single supplier of choice for leading corporate and government organisations. Fujitsu Australia Limited and Fujitsu New Zealand Limited are wholly owned subsidiaries of Fujitsu Limited (TSE: 6702). See www.fujitsu.com/au.

Media contacts

Collin Duff-Tytler
Marketing Programs and Communications Manager
Fujitsu Australia and New Zealand

Phone: Phone: +61 2 9113 9346
Mobile: Mobile: +61 409 953 349
E-mail: E-mail: collin.duff-tytler@au.fujitsu.com

All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

Date: 03 September, 2020
City: Wellington

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