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nec corp (6701) Details

NEC Corporation engages in the integration of information technology (IT) and network technologies worldwide. It operates in four segments: Public, Enterprise, Telecom Carrier, and System Platform. The company provides systems integration services, such as systems implementation and consulting; maintenance and support services; outsourcing/cloud services; and system equipment. It also provides network infrastructure products, including core network products, mobile phone base stations, submarine systems comprising submarine cable and ocean observation systems, optical transmission systems, routers/switches, and mobile backhaul products, as well as telecom operations and management solutions, and other services/solutions. In addition, the company provides hardware products, such as servers, mainframes, supercomputers, storage products, business PCs, tablet devices, POS, ATMs, control equipment, wireless LAN routers, displays, and projectors; and software products that consist of integrated operation management, application servers, and security and database software. Further, it offers enterprise network solutions that include IP telephony systems, WAN/wireless access equipment, and LAN products; data center infrastructure services; and safety products, which include biometric solutions comprising face recognition and fingerprint identification, surveillance products, Smart energy products, and lighting equipment. Additionally, the company engages in the provision of IT services for retail sector; and manufacturing co-creation program activities. It primarily serves governments, governmental agencies, local governments, public institutions, financial institutions, and other organizations, as well as telecom carriers. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was founded in 1899 and is headquartered in Tokyo, Japan.

107,729 Employees
Last Reported Date: 06/22/17
Founded in 1899

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nec corp
NEC Reportedly Considers Buying Civica For £900 million

NEC Corporation (TSE:6701) is looking at buying Civica Group Limited for £900 million and has hired advisors to work on an offer, Sky News reported. NEC lines up £900m bid for Civica. An auction of Civica, which began several weeks ago, has drawn initial offers from a trio of private equity firms: BC Partners, Berkshire Partners LLC and Partners Group Holding AG (SWX:PGHN), according to an industry source. It was unclear on July 13, 2017 how serious NEC's interest in Civica was, although it is said to have hired advisers to work on an offer. OMERS Private Equity hired Goldman Sachs to explore a potential sale of Civica earlier this year after noting premium valuations being paid for other companies in the sector. NEC could not be reached for comment on July 13, 2017.

NEC Corporation and NEC Corporation of America Announces Pilot to Test NEC's Commercial-Off-The-Shelf

NEC Corporation and NEC Corporation of America announced a pilot to test NEC's commercial-off-the-shelf (COTS) NeoFace® Express device and cloud-based NeoFace matching as key facial recognition components of a frictionless biometric exit process in Dulles International Airport. Started earlier this month on flights from Dulles International Airport in Washington, D.C., to Dubai, United Arab Emirates (UAE), at a gate operated by Emirates Airlines, passengers will simply step up to a NeoFace Express device which captures the photo for matching. The Dulles International pilot, which follows an earlier AtlantaHartsfield pilot, is one of several CBP pilots to implement the federal government’s mandated Biometric Exit Program to verify the identity of travelers leaving the United States.

Colt Selects NEC and Netcracker to Enhance Network and Optimize for Virtualization

NEC Corporation and Netcracker Technology announced that Colt has selected them to enable and support its large-scale OSS transformation, which will support Colt in the deployment of the next generation of its infrastructure, including virtualization. Colt will leverage Netcracker's future-proof, next-generation OSS and Service Orchestration solution, which is a part of NEC/Netcracker'sAgile Virtualization Platform and Practice (AVP).

 

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Valuation 6701 Industry Range
Price/Earnings 28.1x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 28.2x
TEV/Sales NM Not Meaningful
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