Japanese outfit NTT DATA saw its dosh from net sales and operating profits shooting up, all thanks to smashing it in Japan and Europe.
Their net sales have jumped 25.1 per cent, hitting a hefty ¥4.4tr (£22.4bn), which is a tidy step up from last year’s ¥3.4tr (£17.4bn).
Its order book – if you don’t count the stuff from NTT Ltd – has gone through the roof with a 75.8 per cent leap, raking in ¥4.8tr (£24.5bn) in fresh orders.
This cracking order haul has meant a 50.4 per cent boost in operating profits, reaching ¥309.6bn (£1.5bn) for the fiscal year. There was one tiny blip – operating margins have dipped a smidge by 0.3 basis points, landing at 7.1 per cent, a nudge down from last year.
The big bucks in revenue and operating profit were because European and Japanese arms of the biz are on fire, plus they’ve lumped NTT Ltd into their financials.
The EMEA and LATAM gangs have seen their net sales go ballistic by 136 per cent, hitting ¥828.5bn (£4.2bn), which is miles ahead of the previous year’s ¥692.5bn (£3.5bn). The EBITDA for these spots has ticked up by 7.7 per cent.
The order book’s not slowing down, with new orders in these regions blasting up by 102.3 per cent, making a total of ¥876.9bn (£4.4bn), compared to the previous year’s ¥774.6bn (£3.9bn).
Looking ahead to FY24/25, NTT DATA reckons things will shift slightly. It is eyeing a modest 1.4 per cent bump in net sales year-on-year while operating profit could see a sturdier 8.5 per cent climb.
This split’s down to the buzz from last year’s business mash-up starting to settle.
Still, the shareholders keep their spirits up, banking on the long game with NTT DATA Group Corp. The share price is still sitting pretty, more than 21 per cent up from last year.
The company wants to form partnerships with 120 companies by the end of 2025, stepping up from the current 106 clients. It is also eyeing a revenue goal of ¥4.7tr.
To hit these targets, NTT laid out a strategy about playing the AI card and hunting for mergers and acquisitions at home in Japan and further afield.
