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Fujitsu fiscal Q2 profit climbs YOY

Fujitsu Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥9.02 per share, compared with ¥8.96 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.67 billion, compared with ¥18.54 billion in the prior-year period.

The normalized profit margin climbed to 1.7% from 1.6% in the year-earlier period.

Total revenue fell year over year to ¥1.124 trillion from ¥1.152 trillion, and total operating expenses decreased year over year to ¥1.099 trillion from ¥1.119 trillion.

Reported net income increased 39.3% from the prior-year period to ¥17.21 billion, or ¥8.32 per share, from ¥12.36 billion, or ¥5.97 per share.

As of Nov. 14, US$1 was equivalent to ¥116.46.