Fujitsu's UK public sector business has incurred losses exceeding £50m due to the media coverage of the Post Office scandal, significantly impacting its revenue forecasts.
Dave Riley noted that heightened media attention led to a revised revenue budget from £450m to £399m, reflecting a £50m to £60m revenue gap attributed to public perception.
Despite moral obligations highlighted by executives, Fujitsu has not contributed to alleviating taxpayer costs from the Horizon scandal, yet stands to gain £180m from a contract extension.
Riley mentioned that Fujitsu Japan injected £200m into the UK sector to manage losses and maintain the capacity to bid for public sector work.
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