The Japanese company NEC reduced the forecast for revenue for the last fiscal year, expired in March 2017, but improved its profit estimate, Telecompaper reported..

The sales volume for the past 12-month period is expected to be within 2.66 trillion yen (24.1 billion US dollars). This is 15 billion yen less than the previous estimate made by NEC in January this year. The deterioration in the outlook is due to lower than expected revenue from the Public Business Unit (systems integration, outsourcing and support services, as well as the supply of system equipment for government agencies, the social infrastructure segment) and insufficiently high levels of international operations.

At the same time, NEC improved the forecast for annual operating profit from 30 to 41 billion yen (about 372 million dollars).

The lower costs in the System Platform (servers, disk storage, IP telephones and other equipment, as well as services and software) and Telecom Carrier (femtocells, transport networks and other telecommunications products) contributed to higher performance here,.

The net profit of NEC is expected at 27 billion yen ($ 245 million), which is 7% more than the previous estimate. Nevertheless, the forecast does not significantly fall to the result for the previous fingod, when the net profit of NEC was 75.9 billion yen.

Full financial report NEC promulgates on April 27.