July 9 (Reuters) – Fujitsu Ltd (6702.T), Japan’s biggest IT services provider, said on Friday it plans to invest 100 billion yen ($1.1 billion) in its cloud-computing business this financial year, the majority of its companywide capital spending.
Fujitsu, the world’s third biggest IT services vendor after IBM (IBM.N) and Hewlett-Packard (HPQ.N), also said it would keep its 2011/12 targets for 250 billion yen in operating profit and 130 billion yen in net profit. (Reporting by Sachi Izumi)