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4-Traders Homepage  >  Equities  >  Tokyo  >  Fujitsu Ltd    6702   JP3818000006

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FUJITSU LTD : NBN Co and Fujitsu Announce Agreement for End User Technology Services

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06/21/2011 | 04:50am CEST

Fujitsu Australia Limited

Sydney, 21 June 2011 — Fujitsu Australia and New Zealand Limited (FANZ) and NBN Co announced today that they have entered into a three-year contract to provide End User Technology Services (EUTS) – desktop support services – for all NBN Co staff.

The EUTS agreement, with a potential value of $25 million, will see Fujitsu provisioning NBN Co staff computing services to help NBN Co deliver high-speed broadband across Australia. This contract is in addition to the recent announcement by NBN of Fujitsu’s selection as its prime alliance partner to deliver fibre infrastructure to new developments.

FANZ will utilise its mature IT processes and over 25 years of experience in delivery of managed desktop, infrastructure and technology services in Australia to assist NBN Co to meet the requirements of its rapidly expanding internal operations in a cost-effective and controlled manner. Over the next year NBN Co expects to open offices in regional locations and continue to grow the organisation.

Steve Christian, NBN Co Head of Operations said: “NBN Co is pleased to add Fujitsu to the range of leading companies it is working with to provide the latest services to support its operations. After just two years, NBN Co has established a number of key supplier relationships and put in place most of the major components for the rollout and future operation of the business.”

Through the EUTS agreement NBN Co will also leverage the Fujitsu Group’s focus on innovation, ensuring NBN Co staff can support Australia’s national broadband network through the use of Fujitsu technology solutions. “The relationship with NBN complements Fujitsu’s long-term view of a human-centric network and connected communities,” said Craig Baty, CTO of Fujitsu Australia and New Zealand. “We see the NBN and its high-speed broadband network as a key enabler of the transition from the current network-centric world to human-centric computing.”

Mike Foster, CEO of Fujitsu Australia and New Zealand, said “ Fujitsu looks forward to working with NBN Co to meet its ambitious mandate of delivering high-speed broadband to every Australian. This Agreement represents a sound alignment of NBN Co’s objectives and Fujitsu’s capabilities and experience and leverages the investments we have made over the last few years in the area of managed services.”

About Fujitsu

Fujitsu is a leading provider of information and communication technology (ICT)-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in over 100 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011.

For more information, please see: fujitsu.comAbout NBN Co

NBN Co is a government business enterprise formed in July 2009 to design, build and operate the national broadband network (NBN). The NBN will enable high-speed broadband to be delivered to all Australian households, businesses and enterprises through a combination of fibre to the premise, wireless and satellite. To facilitate the development of a competitive telecommunication market, NBN Co is operating a wholesale-only, open-access network, and making its wholesale services available to retail service providers on non-discriminatory terms.

About Fujitsu Australia and New Zealand

Fujitsu Australia and New Zealand is a leading service provider of business, information technology and communications solutions. As the third largest ICT Company in the Australian and New Zealand marketplace, we partner with our customers to consult, design, build, operate and support business solutions. From strategic consulting to application and infrastructure solutions and services, Fujitsu Australia and New Zealand have earned a reputation as the single supplier of choice for leading corporate and government organisations. Fujitsu Australia Limited and Fujitsu New Zealand Limited are wholly owned subsidiaries of Fujitsu Limited (TSE: 6702).

For more information, please see: fujitsu.com.auPress Contacts

Tracy Weller-McCormack

General Manager, Marketing & Communications

Fujitsu Australia and New Zealand

Tel: +61 2 9113 9225

Mobile: +61 414 827 044

E-mail:tracy.mccormack@au.fujitsu.com

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Financials ( JPY)
Sales 2017 4 500 780 M
EBIT 2017 132 800 000 M
Net income 2017 89 680 M
Debt 2017 135 462 M
Yield 2017 1,28%
P/E ratio 2017 15,30
P/E ratio 2018 11,20
EV / Sales 2017 0,33x
EV / Sales 2018 0,34x
Capitalization 1 369 731 M
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Average target price 736  JPY
Spread / Average Target 11%
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Tatsuya Tanaka President & Representative Director
Masami Yamamoto Chairman
Kazuhiro Igarashi Head-Business Operations Group
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Shingo Kagawa CTO & Senior Managing Executive Officer
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