Fujitsu promises profitability

But 22,000 staff won't be around to celebrate it...

Job cuts are expected to contribute to Fujitsu's return to operating profit for the coming financial year. The company expects to save $1.05bn through staff cuts totalling 22,000 and other cost savings. It expects this to have a positive effect on its operating profit for this year. In addition, growth within the company will be led by its software service operations. Year-end financial results for 2001 are expected to show a $562m operating loss. Official financial targets for 2002 will be released in late April.