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Fujitsu to lift cloud investment next year

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CIOL Bureau
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TOKYO, JAPAN: 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.

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