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NTT Data fiscal Q1 profit climbs 27.4% YOY

NTT DATA Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥9.63 per share, an increase of 27.4% from ¥7.56 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.51 billion, an increase of 27.4% from ¥10.60 billion in the prior-year period.

The normalized profit margin fell to 2.5% from 2.7% in the year-earlier period.

Total revenue rose 37.8% year over year to ¥540.47 billion from ¥392.25 billion, and total operating expenses grew 38.3% on an annual basis to ¥518.29 billion from ¥374.87 billion.

Reported net income decreased 19.4% year over year to ¥8.12 billion, or ¥5.79 per share, from ¥10.06 billion, or ¥7.18 per share.

As of Aug. 9, US$1 was equivalent to ¥110.07.