Profit before tax of 91 million euros, revenue reaches 6.952 billion euros

ITPS turnaround within one year

Munich/Germany, May 14, 2007 - Fujitsu Siemens Computers, the leading European IT manufacturer, announced updates to its figures for fiscal year 2006 (April 2006 - March 2007). The company's revenue was 6.952 billion euros and its operating profit and profit before tax (PBT) is higher than originally announced in March at CeBIT. Operating profit has increased to 150 million euros. PBT was impacted by restructuring costs of 59 million euros and is 91 million euros. In addition, in only one year, the company managed to turn around its services arm, ITPS (IT Product Services), which has been part of Fujitsu Siemens Computers BV Holding since April 1, 2006.

Bernd Bischoff, President & CEO of Fujitsu Siemens Computers, said: "In a difficult and fiercely competitive market, we have continued to systematically pursue our policy of profitability before pure revenue. To achieve an increase in operating profit in a market defined by declining prices and decreasing margins, confirms that we took the correct strategic choices. During last fiscal year, we set the cornerstones for our company's long-term competitiveness and managed to make our services business profitable."

For the new fiscal year 2007/08, Fujitsu Siemens Computers will focus on sustainable and profitable growth. The cost savings and restructuring program the company implemented last fiscal year is already showing a noticeable effect.

The integration of its services arm ITPS means that Fujitsu Siemens Computers becomes a true infrastructure solutions provider, offering its customers a complete range of services, from consulting and design through implementation to after-sales service, for its core businesses of infrastructure and mobility solutions. The company prides itself in driving innovation with leading global technology solutions such as BladeFrame or FlexFrame.

Fujitsu Siemens Computers is anticipating increasing demand in 2007, despite a continuing strong competitive market. "We feel well-equipped to meet the challenges of the market, and expect that this will lead to profitable revenue growth," concluded Bernd Bischoff. "We have expanded our offerings in the strategic areas of DDC and mobility, which will strengthen our customer intimacy, increase our ability to innovate, as well as reinforce the partnerships we have forged in these areas."

-Ends-

About Fujitsu Siemens Computers
Fujitsu Siemens Computers is the leading European IT provider with a strategic focus on next-generation Mobility and Dynamic Data Center products, services and solutions. With a platform and services portfolio of exceptional depth, our offering extends from handhelds through desktops to enterprise-class IT infrastructure solutions and services offerings. Fujitsu Siemens Computers has a presence in all key markets across Europe, the Middle East and Africa, with the services division extending coverage up to 170 countries worldwide. Leveraging the strengths, innovation and global reach of our joint shareholders, Fujitsu Limited and Siemens AG, we make sure we meet the needs of customers: large corporations, small and medium enterprises and private users. To meet international standards for corporate social responsibility, Fujitsu Siemens Computers is a member of the United Nations Global Compact.

For more information on Fujitsu Siemens Computers, please visit: www.fujitsu-siemens.com.

PR Contacts:
Amy M.K. Flécher
Director Communications
Tel.: + 49 (0) 89 3222 4460
Mobile: + 49 (0) 171 86 50 101
Fax: + 49 (0) 89 3222 4466
amy.flecher@fujitsu-siemens.com

Sabine Twest
Senior PR Manager
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Mobile: + 49 (0) 175 18 62 082
Fax: + 49 (0) 89 3222 4466
sabine.twest@fujitsu-siemens.com

© Press Release 2007