Softbank delivered a strong beat on EBITDA and net profit this quarter, with mobile accelerating as the benefits of financial integration into mobile plans continued to flow through. Guidance was mixed however, impacted by the ¥150bn investments going into generative AI. As a result, compared to a scenario without these investments, the guided EBIT was lower by ¥30bn/year for FY24 and FY25, but in line with previous figures.
LY delivered yet another strong EBITDA beat, ahead of consensus by 16%. Against consensus expectations, FY24 guidance was in line for revenue while ahead on EBITDA. Encouragingly, the company has also laid out a bullish EPS target of more than ¥20 for FY25 (vs. ¥18.7 previously) which reflects the company’s focus on efficiency and profitability, and would be positive if the company can achieve it.
PLANO, Texas--(BUSINESS WIRE)-- , a digital business and IT services leader, has developed a Sustainable Device-as-a-Service solution in collaboration with HP that embraces sustainability and the circular economy in end-to-end device lifecycle management. The solution enables organizations to embed and operationalize sustainability into the lifecycle of endpoint devices. It is part of NTT DATA’s holistic approach to help organizations accelerate their end-to-end sustainability transformation journey to Net Zero targets and beyond. NTT DATA’s Sustainable Device-as-a-Service, integrating HP Ma...
As part of our recent series of research on the deployment of AI datacenter clusters, we published an initial view on how the AI boom would affect WFE spending. We are updating our estimates today, to account for higher HBM (High Bandwidth Memory) content than we initially expected.
We ran our Asia Telco tour last week. This time we met 12 companies in 3 countries (Korea, Japan, Thailand). Telco share prices in all 3 of these countries have been pretty strong recently as telcos continue to benefit from generally positive themes: growth, return on capital and shareholder remuneration are all typically improving.
PLANO, Texas--(BUSINESS WIRE)-- , a global digital business and IT services leader, announced a collaboration with Stonebranch, a leading provider of workload automation and job scheduling solutions, to revolutionize replatforming of mainframe workloads to the public cloud. This strategic partnership aims to support flexible hybrid work strategies and continuous modernization for enterprises seeking to transform their core business processes. Stonebranch Universal Automation Center (UAC) offers native support for UniKix by NTT DATA, their mainframe-rehosting software suite, to modernize the ...
We publish today our comprehensive quarterly bible: 212 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides:
Service revenue trend was softer on slower non-mobile this quarter. Collectively, mobile revenue trend (Consumer + Enterprise) maintained its second consecutive of growth and operators are implying a strong Q4. For instance, Softbank is expecting Consumer MSR to rebound this year (at flat YTD); NTT implying a strong Q4 EBIT on cost reductions and streamlining of non-core assets like Real Estate.
In our 2010 Japan Perspective, written close to the nadir of the bear market, we discussed what was wrong with Japan, but also what it was starting to do right. Fourteen years on, the Nikkei 225 - though not yet Topix - has hit a new all-time high. This report looks at how Japan built on those things that were going right, while also starting to address what else needed to be done, and looks at whether more is needed to be done if the market rally is to continue from here.
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