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MarketScreener Homepage  >  Equities  >  Tokyo  >  NTT Data Corp    9613   JP3165700000

NTT DATA CORP

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NTT Data : Number Boost wins at the NTT Open Innovation contest

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02/12/2019 | 11:20am EDT

CAPE TOWNDimension Data and NTT Data, which form part of NTT Corporation’s operating companies, in conjunction with Silicon Cape on Tuesday announced that Number Boost had won the South African leg of the NTT Open Innovation Contest.

This contest recognises start-ups that work on solutions linked to the UN’s 17 Sustainable Development Goals.

Number Boost is a start-up that builds custom artificial intelligence and machine learning solutions. The company applies cutting-edge deep learning to solve real-world problems with a focus on computer vision and real-time machine learning.

Alex Conway, founder of Number Boost, said: “We are very proud to have won such a prestigious contest and look forward to the opportunity that this will present to develop the business further.”

The NTT Open Innovation contest is run across 20 cities, around the world through January and February 2019, with start-ups presenting pitches to challenges presented from the various regions.

Number Boost will join the other regional winners in Tokyo in March 2019 where they will compete in the grand finale for a three-month business mentorship from NTT.

In South Africa, seven finalists were chosen from the start-ups that sent through their applications in November last year. The finalists pitched their start-ups to a panel of judges that included the NTT Data Head of Open Innovation and Business Incubation, Britehouse Chief Operating Officer and Dimension Data Solutions Executive.

Dimension Data’s chief executive for Middle East and Africa, Grant Bodley said: “As a responsible corporate citizen, we are very proud to be part of accelerating the ambitions of individuals and to be investing in South Africa’s economy through initiatives such as the NTT Open Innovation Contest.”

BUSINESS REPORT ONLINE

(c) Cape Community 1999 - 2019 Independent Newspapers (Pty) Limited. All rights strictly reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
NIPPON TELEGRAPH AND TELEPHONE CORP -1.27% 4974 End-of-day quote.10.98%
NTT DATA CORP -0.50% 1386 End-of-day quote.17.16%
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Financials (JPY)
Sales 2020 2 245 B
EBIT 2020 152 B
Net income 2020 96 665 M
Debt 2020 303 B
Yield 2020 1,31%
P/E ratio 2020 20,1x
P/E ratio 2021 17,7x
EV / Sales2020 1,00x
EV / Sales2021 0,99x
Capitalization 1 944 B
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 570,77  JPY
Last Close Price 1 386,00  JPY
Spread / Highest target 44,3%
Spread / Average Target 13,3%
Spread / Lowest Target -9,81%
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Managers
NameTitle
Robert D. Pryor Chief Executive Officer
Yo Honma President & Representative Director
John W. McCain Executive Chairman
Keisuke Kusakabe Office Manager-Finance
Tsuyoshi Kitani Director & GM-Technological innovation
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