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).