December 24, 2010 / 9:12 AM / 8 years ago

Fujitsu to lift cloud computing investment next year

TOKYO (Reuters) - Fujitsu Ltd, Japan’s leading IT vendor, will invest more than $1.2 billion in cloud computing services next financial year, its president said Friday.

Fujitsu is looking for new products and services as it tries to counter a crimp on corporate and public spending on new IT services amid weak economic growth that is pressuring earnings.

Reporting by Reiji Murai; Writing by Tim Kelly; Editing by Edwina Gibbs

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