Fujitsu Australia returns to profit in another billion-dollar year

Fujitsu Australia has recovered from a goodwill impairment last year that burned a $95 million hole in its profit.

The IT services giant reported profits of $30 million for the financial year ending 31 March 2017, up from a $73 million loss in the previous year.

Revenue was up another $9 million to hit $1.127 billion for the year.

Last year, the company said the value of goodwill from previous acquisitions had been written down after a revised assement, and that it would have otherwise reported $30.1 million revenue without the additional costs.

During the financial year, Fujitsu was replaced by Datacom in a multimillion-dollar IT services contract with Toyota after six years of partnering, having previously been the car manufacturer's largest single ICT outsourcer, delivering service desk and migrating 2100 devices to Windows 7 in 2010.

Since the financial year ended, the company suffered from a "major incident" in one of its data centres in Sydney's west last month when a storage array went down for about six hours.

On the plus side, Fujitsu signed a memorandum of understanding to establish a service centre in a new high-tech precinct in Morwell, which includes a data centre and IT service centre facilities.

The company was also named Veeam's Enterprise ProPartner of the Year in March, and pre-sales solutions architect Alan Groves was named Veaam Champion of the Year.

Fujitsu has been contacted for comment.