Fujitsu, a Japanese multinational information technology equipment and services company reported its first quarter earnings with a consolidated net loss of 23.7 billion yen ($300 million). First quarter consolidated net sales totaled 957.3 billion yen ($12.12 billion), a decline of 2.9% from the corresponding period of the previous fiscal year. The company recorded an operating loss of 25.0 billion yen ($316 million), representing a deterioration of 7.9 billion yen compared to the first quarter of fiscal 2011. The company also recorded a loss of 24.9 billion yen in income before income taxes and minority interests, a year-on-year improvement of 1.4 billion yen.
I2Mag, an Internet & Design Inspiration Magazine having emphasis on empowering and inspiring people by spreading the waves of knowledge. I2Mag is an independent news source dedicated to covering start-ups, reviewing internet products, social media, digital culture and technology news.