Fujitsu Siemens profits up

FUJITSU SIEMENS said it made more money from less revenue in 2007 having eschewed less profitable areas of its business.

For the year ending March 2008, profit before tax increased by 15 per cent to 105 million Euros, the company said today.

Revenue (turnover) was just above 6.6 billion Euros down by 4.9 per cent on 2007 reflecting the company said, its "strategic business changes and the difficult market environment".

The firm dumped is dalliance with tellies and PDAs but found price pressure and a strong Euro still impacting its numbers. It prefers to serve up servers and claims to be the fastest-growing vendor among the top five in the worldwide server market, having notched 19.8 per cent growth in the x86 server market in Q4 2007 (according to Gartner).

It also likes the commercial notebook segment, but the consumer market in Europe is a bit tough and dwindling prices aren't its cup of tea, it suggested.

President and CEO Bernd Bischoff reckoned his outfit had become "the leading European IT infrastructure provider" over the past year.

He said the firm will be going after the business sector big time over the next three years, bacuse that's where the wonga is at. µ