NEC Group announced its FY17 Q1 result revealing revenues of ¥582.5 billion ($5.2 billion) and net profit of ¥7.8 billion ($70 million), with a net profit margin of 1.3%. The revenues increased by 12.3% on a yearly basis while the net profit improved by ¥27.9 billion ($250 million) to result in a turnaround from a net loss in FY16 Q1.
The revenue growth was primarily due to the growth in ‘public business’ and the telecom carrier business, while profitability improved on account of better operating margins and recording of gain on sale of affiliates’ stocks.
