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Hitachi's Q1 Profit Slips; Revenue Up

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Hitachi (TYO:6501) posted a slight year-over-year decline in attributable net income for the fiscal first quarter to 189.5 billion yen from 192.2 billion yen.

The technology and engineering firm's earnings per share were 42.21 yen, compared with 41.98 yen a year earlier, according to a Tokyo Stock Exchange filing on Wednesday.

Revenue climbed 20% to 2.71 trillion yen for the three months ended June 30 from 2.258 trillion yen a year ago.

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