IT services company Fujitsu reported a 37 per cent fall in its quarterly operating profit as its IT business slowed.
Fujitsu said its October-December operating profit was 21.3 billion yen (€187 million), against 33.6 billion yen a year ago.
This was below a consensus estimate of a 27 billion yen profit.
Fujitsu, which ranks third in the global IT services sector behind IBM and Hewlett-Packard, said it now expects to report a 145 billion yen operating profit for the year ending in March, against its earlier forecast of 185 billion yen.
Prior to the results, Fujitsu's shares closed down 2.5 per cent, underperforming a 1.0 per cent drop in the electric machinery sector index.
Reuters
