Fujitsu Siemens Computers, the leading international IT company, has announced a profit before tax of 62 million Euro for the 2003-2004 fiscal year. This represents an 8 per cent increase over the previous fiscal year, and is 5 million Euro higher than the last forecast given in March
2004.
In the Middle East and Africa (MEA) market, FSC recorded a growth of 77 per cent. The key growth areas were mobility and servers, with the mobility sector growing by 80 per cent and servers by 147 per cent, mainly in the markets of Kuwait, Qatar, Bahrain, Oman and the Levant.
Saudi Arabia, the biggest single market in the Middle East, showed substantial growth across all areas, including desktops, notebooks and servers in the financial year 2003-2004.
FSC continued its strong performance in the first quarter of 2004. In Egypt, it recorded almost 200 per cent growth compared to the first quarter of 2003, while the top player declined by 18.6 per cent. Servers and mobility products grew by a whopping 737 per cent. (Albawaba.com)
© 2004 Mena Report (www.menareport.com)
