Fujitsu Technology Services acting CEO Rod Vawdrey - president of the company's Global Business Group - said the company's growth forecasts had not remained unscathed, following the recent economic pressures seen in Europe and the rest of the world.

But Vawdrey, speaking the day before Fujitsu's leading European customer event, the Fujitsu Forum, and less than a week since the resignation of former CEO Rolf Schwirz, said he still believed the company was holding strong market share in Europe.

"In the first half our revenues were fundamentally flat - just short of €2bn, but we believe we have improved market position," Vawdrey said. In many parts of the world that have seen declining revenues in general, Fujitsu has been able to maintain its position.

"What has been most interesting in recent weeks and months has been increased pipeline, not just in traditional products but in our services offering, especially in IT outsourcing," he said. "Many companies faced with difficult economic situations are looking to organisations like Fujitsu to take over their infrastructure," using both traditional outsourcing and cloud models.

At last year's Fujitsu Forum, the message from then CEO Schwirz was that companies not ready for the cloud would suffer, be they vendors or customers, as the world moves full-shift into cloud deployment phase.

Today, Fujitsu's CTO Dr Joseph Reger said he believes the industryis now showing strong demand for the Cloud - at a much faster pace than Fujitsu originally anticipated.

This is good news for Fujitsu's transformation, announced in 2011. It said then that 2011 would be the year it would move from being a hardware company to one focussed on solutions, from software to hardware and everything in between.

It will be making more announcements in Munich tomorrow around its plans moving forward.

But this shift to solutions is just one part of Fujitsu's strategy, which also focusses on growing market share outside of Japan and standardizing on its offerings to provide a more global suite of product sets.

Last year Fujitsu said it wanted to make its business outside of Japan account for 40% of its global takings.

Today, Vawdrey admitted that tough economic conditions had held it back from achieving this goal.

"We are not at the same pace we were a few years ago," Vawdrey admitted.

"This is due to a number of external factors such as the difficult economic climate, which has meant we have had to extend our timeframe for this, but we continue to work towards this for our foreseeable future."

That said, Fujitsu's push to the Cloud has been successful, according to Reger.

While Big Data seems to be the topic of choice this year, he said, cloud is in its implementation phase, and because of the large amount of take up, Fujitsu is experiencing some problems with capacity.

"We are having capacity problems because there is so much interest," Reger said.

"It is not an issue with space. In space terms we have space available. In Germany we have capacity that can be immediately used but our clouds don't come in large units like containers. So whenever you want to take the next step, you have to think about it in fairness.

"Our global cloud data centers are mirror images of each other, and for that they need to be  identical. They are organized in units called islands, and it is about the next island, so whenever you need the next step, you have to justify this in the business climate."