NTT flips last year s local loss as revenue plateaus
NTT flips last year s local loss as revenue plateaus
Product and technical revenue fell by 9 and 6 per cent respectively.
Tania Balcombe (NTT Ltd) Credit: NTT
Technology services provider NTT Australia has flipped last year s post-tax loss, getting back into the black for the 2021 financial year ending 31 March.
After exchange differences on translation of foreign operations, the total comprehensive loss for the period was just A$276,000. Last year, that figure was ended A$15.2 million.
NTT Australia, which includes subsidiary NTT New Zealand Database Solutions, formerly known as SQL Services, also saw its revenue marginally shrink, falling by A$60 million to close at A$1.3 billion.