Technology news for New Zealand's largest enterprises
Finance, leasing & rental
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Tencent Cloud opens Silicon Valley data center; Seoul & Mumbai locations to follow
Tencent Cloud will be opening five new data centers across the globe, including centers in Seoul and Mumbai.
Lease is more: The reseller benefits in leasing
With consumption based buying de rigueur, leasing too is seeing growth, with resellers being urged to capitalise on the demand.
Kiwibank invests in financial future of young Banqers
“It demonstrates demand for financial education in schools, and affirms that there is appetite for the solution we’re providing.”
Relaunched Simply Leasing ready for aggressive market share grab
Atlas Gentech’s leasing arm, Simply Leasing, has relaunched with the company promising it will be aggressively pursuing increased market share.
Global Switch secures new credit with HSBC for long-term data center finance
Global Switch has now officially closed a new revolving credit facility with HSBC Bank, which will bring around S$768.4 million in financing.
The role of the CFO is changing: It involves more IT than ever, says Concur
“As well as being more involved in overarching business operations, CFOs have a greater responsibility for IT."
$97m profit for FlexiGroup as company turns focus on millennial spend
FlexiGroup's new business volume has soared 19%, with the company delivering a cash NPAT of $97 million and eyeing double digit FY18 growth.
Kordia Group beats own target with $12.3 million net profit
Kordia Group has beaten its own financial expectations and raked in a net profit of $12.3 million, $5.6 million (85%) more than expected.
Internap's Q2 financials show customer churn cuts deep
Internap blames customer churn on its Q2 2016 revenue & profit drop, with data center and network services revenue dropping 6% to $50.5 million.
CITIC Telecom sees more centers in its future after netting $410 million profit
CITIC Telecom's net profit of HK$410 million has made the company more determined than ever to continue its data center and network expansions.
NVIDIA's data center operations contribute to 'record' $1.43 billion revenue
NVIDIA's investment into areas including its data center platforms has grossed the company $1.43 billion revenue in 2016, a 24% increase in revenue.
Neo Telemedia financials confirm importance of data center investment
Neo Telemedia, has attributed some of its HK$1,753,076,000 revenue to its data center portfolio, including 60% equity in provider Ghangzhou Zitou.
Xplore Technologies reports 'record' $100.5 million revenue
Xplore Technologies, a provider of 'rugged' tablets, has grown its revenue to a 'record' $100.5 million in fiscal 2016 - representing 136% growth.
Digital Realty pulls in $515 million revenue, $6.1 billion in debt
Digital Realty has announced its second quarter 2016 results, pocketing $515 million in revenue from the data center and colocation market.
ASX partners with Trading Technologies to boost its financial data center
Australian Securities Exchange partners with global trading software provider Trading Technologies International to power its financial data center.
Amazon primed for domination as Q2 revenue climbs rapidly
Amazon's second quarter 2016 financial results are strong as ever, with a 42% increase in operating cash flow and a 31% increase in net sales.
How does cyber crime affect the global finance profession?
“Professional accountants and finance professionals can, and should, play a leading role in defining certain key areas of such an approach.”
Intel Data Center Group revenue grows 5% to $4 billion
Intel's Data Center Group's second quarter revenue increases 5% YOY to $4 billion, while overall revenue reaches $13.5 billion, the company reports.
EMC reports strong financials ahead of Dell merger
EMC has reported its second quarter 2016 financial results, with consolidated revenue of $6 billion and a free cash flow of $1.34 billion.
Seagate expects $2.6 billion HDD revenue, plans to cut jobs
Seagate expects to report approximately $2.65 billion in revenue for it's fiscal fourth quarter and year-end 2016, driven by its HDD shipments.
Acer NZ slides further into the red despite revenue increases
Acer's New Zealand operations have tumbled further into the red, despite an increase in revenue, with losses topping $1 million for FY15.
Infor financials strong as software licensing & cloud lead the way
Info's fourth quarter financial results show huge growth in software license fees and cloud subscription revenue.
Digital solutions company Fronde returns to profit after challenging year
Tech company Fronde has announced its latest financial results, with a return to profit of $1.42 million.
NZ data management firm G3 Group reports 12% profit increase, eyeing market expansion
Document management firm G3 Group has reported a 12% increase in profit of $2.14 million and is set to raise capital for expansion plans.