Analyst Commentary

Fujitsu’s dependence on Japan for revenue generation leads to unavoidable volatility of its top line in USD in 3Q17



In 3Q17 Fujitsu’s revenue was down 0.7% year-to-year in local currency, but fell 8.5% year-to-year in U.S. dollars (USD). Fujitsu’s reliance on Japan for a large portion of its business makes it more susceptible to currency fluctuations, which was a key factor in its revenue loss in USD. TBR notes that currency challenges impacted Fujitsu’s services business outside of Japan and its devices business the most substantially....

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