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Technology news for New Zealand's largest enterprises

Pattrick Smellie's news stories

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Vodafone NZ reports $121 million annual loss
Falling revenue and a final year of substantial costs for integrating with the Telstra Clear business saw Vodafone NZ turn in a loss of $120.7m.
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TeamTalk annual earnings slump 53% in 'tough year'
TeamTalk, the listed telecommunications company, reported a 53 percent drop in what it said was a "tough year."
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Wynyard 1H loss widens as sales climb 39%, says stock price doesn't reflect value
The company will launch its new cyber threat analytics software in the second half of 2015, which will deliver significant recurring software revenue.
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GeoOp to raise $2.4M in private placement to fund Australian growth, SPP to follow
"We are very pleased to have introduced new long-term and supportive shareholders to provide the foundation for the next phase of Geo's growth."
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Trade Me annual profit flat as increased expenses curb revenue growth
Trade Me posted a similar profit for its 2015 financial year to 2014 as increased spending ate into bigger revenues.
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Serko cuts revenue forecast for second time
Serko has downgraded its revenue outlook for a second time as a slowing Australian economy weighs and after a number of contracts were delayed.
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Datacom topples Spark as NZ's biggest IT services provider
Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country's biggest information technology services provider.
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Chorus says regulator understates network pricing costs such as trenching
Chorus has made a further submission to the Commerce Commission ahead of the final determination on pricing of its copper network.
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VMob shifts headquarters to the US, seeks main board NZX listing
VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, and raising about $5m in a private share placement.
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JB Hi-Fi NZ earnings drop 50% on skinnier margins, flat sales
JB Hi-Fi's New Zealand earnings halved in the latest financial year as the Australian retailer's margins shrank and sales were little changed.
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VMob delays planned ASX listing despite reported sales momentum
VMob says it has delayed a planned listing on the ASX because of on-going commercial negotiations and so management can focus on current sales.
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Xero burns through the cash
Xero burned through cash at a faster pace in the June quarter as it ramped up spending on rising staff, and marketing costs.
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Harmoney founder and CEO Neil Roberts leaves board
"He remains the substantial majority share owner and remains as chief executive. The changes do not alter the Harmoney business in any way."
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Govt wants to limit UFB involvement, English says
The government doesn't want to spend any more or stay any longer in the build of NZ's ultra-fast broadband network for fear it might "stuff it".
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Govt wants to limit UFB involvement, wary of stuffing up sector, English says
The government doesn't want to spend any more money or stay any longer in the build of New Zealand's ultra-fast broadband network.
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While you were sleeping: Apple, Microsoft falter
"We stepped right into the beginning of this week with IBM disappointing, followed by Microsoft, Apple and a couple of others."
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Xero to double turnover to $200M this year, says CEO Rod Drury
New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016.
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The New Zealand Venture Investment Fund breaks even or better from one-in-five exits
The Crown-funded start-up investor has broken even or made money on 21% of its exited investments.
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How Kiwi companies can become the new breed of 'exponential organisations'
The business world has seen the birth of a new breed of company that could tilt the playing field in favour of cash-strapped Kiwi entrepreneurs.
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Pushpay revenue climbs as US churches sign up for service
The mobile payments app developer boosted revenue 39% in Q1 as growth in its US faith-based merchants offset a decline in its SMS business.
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Chorus registers interest in government's proposed expansions to UFB, RBI
Chorus has expressed interest in the government's plans to expand the state-sponsored ultrafast broadband network and rural broadband initiatives.
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Xero appoints new CFO
Xero changed its recruitment tactics for senior executives earlier this year after the departure of two senior managers who weren't the right fit.
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Wearable tech start-up launches US$200,000 crowdfunding campaign
Kiwi start-up I Measure U has launched a US$200,000 crowdfunding campaign today on Californian-based platform, Indiegogo.
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Is the $2 million equity crowdfunding limit too low?
"The $2 million limit placed on those raising money through equity crowdfunding is a good place to start but will probably be revised up over time."