Fujitsu hits an all-time low in 34 years
As the going gets tougher, some companies struggle to keep up. Just like the multi-national IT Company Fujitsu that’s in a pretty bad shape right now with their stock shares dipping to a three-decade low.
Dubbed as the third largest IT services provider behind HP and IBM, the Japanese company has been on a slump lately as their stocks dropped by 12%. On a statement made by the company, they said that their last quarter’s net loss amounts to 23.7 billion yen.
But instead of succumbing to the unforgiving market, Fujitsu’s President Masami Yamamoto shows no sign of giving up in his statement regarding this market share loss. “We are moving away from a defensive stance to go on the offensive, and we will challenge ourselves to achieve further growth. Moving forward, we will continue to go on offense with structural reforms, accelerate globalization, and create new services businesses,”
It really looks like the market competition is getting steeper and steeper as once glorious companies slowly crumbles down to their knees. We hope that Fujitsu has some ace up their sleeves, â€˜cause if not theyâ€™re in for worst.