Electronics conglomerate Fujitsu reported a two per cent fall in quarterly profit yesterday as lacklustre performance in computer systems offset strong software and mobile phone sales.
But it raised its first-half forecast, pushing its shares up 3.5 per cent.
Fujitsu, which competes with IBM and Electronic Data Systems in computer and software services business, reported growth in its software and computer sales.
Whereas rival NEC Corp. is struggling to turn around its sluggish loss-making mobile phone operation amid brutal price declines, Fujitsu has seen profit growth following its tie-up with Mitsubishi Electric to develop high-end mobile phones.
Fujitsu, whose servers are used by the Tokyo Stock Exchange, posted an operating profit of £67.7 million in April-June, down from £68.5 million a year earlier.
The result was better than a forecast of a £51 billion profit from analysts.
The company, which aims to become one of the world's top three hard disk drive makers led by Seagate Technology, also saw heavy demand for its hard disk drives from clients such as Dell. Fujitsu employs around 750 people at its Euroean headquarters on Birmingham Business Park.
