NTT Data Corp. revenue up 5% in recently ended fiscal year


NTT Data Corp., an IT services firm based in Tokyo, reported net sales rose 4.8% in its fiscal year ended March 31. Net sales in North America were up 1.0% to ¥426.0 million (US$3.95 billion).

The company’s subsidiary based in Plano, Texas, ranks as the 15th-largest IT staffing provider in the US.

(JPY millions) FY 2019 FY 2018 % change FY 2019 (USD millions)
Net sales JPY 2,266,808 JPY 2,163,625 4.8% USD 21,021
Gross profit JPY 544,988 JPY 572,231 -4.8% USD 5,053
Gross margin 24.0% 26.4%    
Net income JPY 79,772 JPY 97,704 -18.4% USD 739

No guidance for the 2020 fiscal year was issued at this time. The company noted some business activities have been sluggish because of Covid-19; however, its key business has been less affected and it’s working on projects for which it has already won contracts.

Share price and market cap

Shares in NTT Data Corp. closed up 0.18% to ¥1,119.00 (US$10.38); the company had a market cap of ¥1.57 trillion (US$14.66 billion).