NEC may be seeing slow growth in its home Japan market, but it thinks that cloud computing could give it a new revenue lift so it's going to spend $1.2 billion through 2013, the Wall Street Journal reports.
Speaking at a press briefing in Tokyo, NEC Senior Vice President Takuji Tomiyama said that "cloud computing and overseas businesses will drive our growth."
To offset losses in its Japanese market, NEC will use cloud computing initiative to raise its international operations revenue from 16 to 25 percent by March 2013.
Through this international growth plan, NEC plans to build cloud computing data centers in five markets by the end of its next fiscal year, including China; Asia Pacific; Europe, the Middle East and Africa; North America; and Japan.
Tomiyama said that China and Asia Pacific represent the strongest regions for international IT services growth.
- Wall Street Journal has this article
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