Fujitsu 2005 Annual Report Download - page 14

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12 Fujitsu Limited
United States
Sweden Finland
Denmark
Netherlands
Spain
China Japan
Thailand
Malaysia
Singapore
Australia
United
Kingdom
■ Operating Environment and Performance
Spending on IT in Japan in fiscal 2004 continued to lack
strength. Although there were moves to develop next-
generation systems, including steps by financial institutions
to upgrade security and the introduction of traceability sys-
tems by companies in the logistics and transport industries,
overall, commitment to IT investment was patchy at the
individual company level depending on industry, business size
and region. Overseas, the outsourcing business was buoyant,
particularly in Europe, and we expect continued growth in
this field going forward.
Against this backdrop, we worked to more aggressively
implement our comprehensive system development method-
ology, called SDAS*1, as well as build a distinctive presence
in the marketplace by advancing our TRIOLE*2 strategy for
optimized IT infrastructure to provide greater business effi-
ciency, agility and continuity. Despite these efforts, our solu-
tions and systems integration (SI) business slowed in Japan,
and we again experienced increased losses from certain
domestic loss-generating projects. Overseas, we made strong
efforts to grow our business, especially in Europe and the
Americas. Overall, however, net sales in the Software &
Services segment declined 1.1% from a year earlier, to ¥2,070.4
billion ($19,350 million). Excluding the impact of measures
undertaken in fiscal 2003 to restructure our North American
operations, sales were roughly the same as last year on a con-
tinuing operations basis. Although major government-sector
n Software & Services
We operate a global network of system centers. The Fujitsu Tatebayashi System Center is
among the largest in Japan.
12 Fujitsu Limited