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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  NTT DATA Corporation    9613   JP3165700000

NTT DATA CORPORATION

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NTT DATA : Joins the Cloud Native Computing Foundation

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08/13/2019 | 02:12am EDT

Tokyo, Aug. 13, 2019 -NTT DATA, a leading global IT services provider, today announced the company recently joined the Cloud Native Computing Foundation (CNCF). As a Silver Member, NTT DATA is positioned to more effectively support clients' digital transformation and modernization efforts using the latest trends in cloud native technology.

CNCF, which was founded in 2015, is a non-profit member organization of the Linux Foundation that promotes cloud native computing and has more than 300 member companies, including leading public cloud operators. Through the development of open source projects, CNCF provides vendor-neutral cloud technology support, such as Envoy, which is a proxy software developed and donated to the CNCF.

'The Cloud Native Computing Foundation will allow us to develop new capabilities and contribute to the diffusion of cloud native computing while strengthening our cloud strategy and business,' said Masatoshi Hiraoka, Head of Digital Technology and Engineering Department, NTT DATA. 'We have an aggressive goal to increase cloud sales by 100 billion yen ($922 million USD) over the next three years, and our membership will further increase our ability to deliver solutions that have a positive impact for our clients.'

NTT DATA helps clients accelerate their digital business by applying cloud native practices and emerging technologies through transformation planning, application development and modernization, agile transformation and cloud lifecycle management.

Through cloud native application development, such as support of Kubernetes, an open source platform to automate the operation of containers, NTT DATA enables clients to achieve increased agility of system development.

About NTT DATA

NTT DATA is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. Our emphasis is on long-term commitment, combining global reach with local intimacy to provide premier professional services varying from consulting and systems development to outsourcing. For more information, visit www.nttdata.com.

Disclaimer

NTT DATA Corporation published this content on 13 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2019 06:11:05 UTC

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Financials
Sales 2021 2 243 B 21 010 M 21 010 M
Net income 2021 89 095 M 835 M 835 M
Net Debt 2021 804 B 7 533 M 7 533 M
P/E ratio 2021 19,8x
Yield 2021 1,47%
Capitalization 1 767 B 16 526 M 16 553 M
EV / Sales 2021 1,15x
EV / Sales 2022 0,95x
Nbr of Employees 133 196
Free-Float 44,8%
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Number of Analysts 14
Average target price 1 467,50 JPY
Last Close Price 1 260,00 JPY
Spread / Highest target 58,7%
Spread / Average Target 16,5%
Spread / Lowest Target -20,6%
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NameTitle
Yo Honma President & Representative Director
Tsuyoshi Kitani Director & Senior GM-Technological Innovation
Shigeki Yamaguchi Representative Director, EVP & Head-Corporate
Yukio Okamoto Independent Outside Director
Eiji Hirano Independent Outside Director
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