Reseller News

Fujitsu NZ reports gains in 2019

Recovery from a 2017 loss continues
Fujitsu NZ lifted both sales and profits in 2019.

Fujitsu NZ lifted both sales and profits in 2019.

Fujitsu NZ increased both sales and profits slightly in 2019, according to financial statements released overnight.

Operating revenue for the IT services and technologies provider increased to $174.6 million from $172.1 million in the year to 31 March. Expenses also increased, from $168.5 million to $170.3 million.

Operating profit for the year was $4.2 million, up from $3.6 million, while net profit after tax was $3.8 million up from $2.7 million.

A note in the accounts said the company continues to grow through strong local delivery leveraging the strength of a global market leader.

Expenses for contractors and employees fell from $79.8 million in 2018 to $73.4 million while cost of goods and other expenses increased.

The company's financial performance has been improving since 2017, when it reported a net loss of $603,000.

Major known clients include Customs, for which Fujitsu has supplied infrastructure support services, and SkyCity, for which Fujitsu provided ICY sustainability bench-marking and visibility.