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NTT Data fiscal Q1 profit climbs 10.9% YOY

NTT DATA Corp. said its normalized net income for the fiscal first quarter ended June 30 was ¥7.56 per share, an increase of 10.9% from ¥6.82 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥10.60 billion, a gain of 10.9% from ¥9.56 billion in the prior-year period.

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

Total revenue grew 9.4% year over year to ¥392.25 billion from ¥358.60 billion, and total operating expenses rose 9.1% on an annual basis to ¥374.87 billion from ¥343.48 billion.

Reported net income increased 36.5% from the prior-year period to ¥10.06 billion, or ¥7.18 per share, from ¥7.37 billion, or ¥5.26 per share.

As of Aug. 9, US$1 was equivalent to ¥101.89.