Fujitsu's Perpetual windfall

Perpetual's cost cutting pains are Fujitsu's gain while Woolworths goes gaga over mobility and Google. Elsewhere, as the dust settles on Apple-Samsung’s US trial get ready for some major product launches.

Wealth manager Perpetual has seen better days and with 2012 net profit slumping 57 per cent it would seem that a necessary restructure – which was first flagged in June - is still painfully working its way through the systems.  

Perpetual’s quest to achieve $50 million in annual cost savings has already seen over 500 jobs go at the firm and we can now add another 100 to that list now that it has sealed a $68 million IT outsourcing deal with Fujitsu Australia.

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