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NTT misses FY outlook, sees flat profits in 2014

2014-05-13 10:28:00| Telecompaper Headlines

(Telecompaper) Japanese operator NTT reported annual results slightly below its outlook, due to a weak performance at its mobile unit Docomo. Revenues were up 2.1 percent to JPY 10.925 trillion in the 12 months to March, but fell short of a target of JPY 11 trillion. Operating profit rose 1.0 percent to JPY 1.214 trillion, versus a target of 1.230 trillion. Net profit still increased 12.2 percent to JPY 585.5 billion, in line with guidance, and NTT increased its dividend slightly to JPY 170 per share. For the current year to March 2015, NTT expects growth in revenues of around 2.5 percent, but operating and net profit will be little changed year-on-year. The dividend should rise again, to JPY 180 per share, and the company plans to spend JPY 250 billion buying back shares from the government. NTT said it will reduce capex slightly this year, to JPY 1.750 trillion from JPY 1.796 trillion last year, taking the ratio to sales to 15.9 percent. It aims to bring this down further to 15.0 percent in the following year, helped by a targeted JPY 600 billion in cost savings on its access network. This target was increased by JPY 100 billion and compares to the cost base in 2011 when it started the network rationalisation programme. 

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JCB posts third-best profits ever

2014-05-12 11:54:23| BBC News | Business | UK Edition

Building equipment company JCB posts the third-best profits ever, despite a fall in pre-tax earnings.

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Nissan profits up 10% as sales rise

2014-05-12 09:15:26| BBC News | Business | UK Edition

Nissan's annual profits rise 10% to 389 trillion yen ($3.8bn; 2.26bn), boosted by better sales, cost cuts and a weaker yen.

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IT services firm CGI doubles profits in second quarter despite U.S. challenges

2014-05-12 08:36:33| IT Services - Topix.net

Information technology services company CGI sees more opportunities to further improve profitability of its recently acquired European operations, whose strong performance in the second quarter offset pressure in the U.S. that was partially related to the winding down of its role in the Obamacare website.

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Big data means big profits, risks for farmers

2014-05-11 21:35:31| Industrial Machines - Topix.net

Big data means big profits for U.S. farmers, but trust concerns loom By Christopher Doering, Gannett Washington Bureau ^Embargoed until Sunday, May 11@ WASHINGTON ^-- @When Dave Nelson climbed into his John Big data means big profits, risks for farmers Big data means big profits for U.S. farmers, but trust concerns loom By Christopher Doering, ... (more)

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