NTT to focus on cloud computing abroad, slash costs
November 9, 2012
Grazed from The Asahi Shimbun.
Nippon Telegraph and Telephone Corp. released a midterm management plan that focuses heavily on expanding its cloud computing services abroad while cutting hundreds of billions of yen in costs.
According to the plan released on Nov. 8, the telecommunications giant expects overseas sales to reach $20 billion (1.6 trillion yen) in fiscal 2016, nearly double the $11.6 billion reported for the year through March 2012. The company said it will target prospective growth segments in emerging economies to make up for its sluggish domestic performance, particularly in fiber-optic businesses…
"We will go all out on the offensive from North America to emerging countries," NTT President and CEO Hiroo Unoura said at a news conference. "We don’t want to miss out on the opportunities (for cloud computing businesses)."…
Read more from the source @ http://ajw.asahi.com/article/economy/business/AJ201211090058