Technology news for New Zealand's largest enterprises
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Xero reports $1.3mil net profit, passes 2 million global subscribers
While it took more than a decade to add Xero’s first million subscribers, it took two and a half years to add the next million.
Spark lifts earnings on the back of mobile, wireless, cloud services
The telco's continued improved performance was founded on a clear strategy with strong execution and greater customer focus.
Online lending marketplace Harmoney records first profit of $7.2m
This is in comparison to the four-year-old company’s $1.8 million loss last year.
Google Cloud drives Alphabet's soaring revenue
"Our ongoing investments in compute capabilities and engineering talent reflect the compelling opportunities we see across the company.”
Veeam reports double-digit Q1 growth
We are now focussed on an aggressive strategy to help businesses transition to cloud with Backup and Cloud Data Management solutions.
Reckon Group announces a steady profit in 2018
Reckon continued its investment in growth throughout the year with a development spend of $14.3 million.
Talent revenue goes up after a strong financial year
“We have seen strong growth across all A/NZ branches, with both permanent and contract revenue significantly exceeding budget."
HPE announces financial results for the fourth quarter of 2018
“As we close my first fiscal year as CEO, I am incredibly proud of where we stand in the marketplace."
Positive results for Microsoft, but Azure growth slows
Microsoft has released its latest financial results, and albeit one disappointment it’s good news for shareholders.
Bad day at the office for IBM with latest quarterly results
The latest financial results for IBM have revealed a disappointment for investors as the tech giant missed almost all of its targets.
Vodafone year end results show revenue growth and profit drop
With a $5m growth in revenue and 92,000 more customers over the last year, Vodafone remains in a strong position despite $7.7m less profit than 2017.
Profits down but revenue & CAPEX up as NEXTDC eyes the future
There may be less money to play with but the company had a very busy year with a series of new data centre launches revenues rising 31 percent.
MYOB says it's 'on track' to hit 1m subscribers by 2020
“Our client-focused innovation continues to drive business improvements and personal rewards for businesses throughout New Zealand and Australia."
The impact of business transformation on Spark NZ’s financial year
"Spark’s success in growth areas continued to offset the decline in legacy areas of the business."
Lenovo Data Center Group revenue skyrockets 67.8% in 12 months
Lenovo has announced its results for its first fiscal quarter and they paint a pretty picture with double-digit growth across the company.
Datacom report revenue growth despite overall loss
"Datacom’s strategy and new organisational structure position us well to meet current and future client needs."
Microsoft Cloud drives record fourth quarter results
"We had an incredible year, surpassing $100 billion in revenue as a result of our relentless focus on customer success."
Exclusive: Ingram NZ profit way down as interest takes its toll for last time
New Zealand’s highest revenue distie has released their financial report for FY17 and, while revenue is up, net profit has taken a down turn.
CSG to exit enterprise segment of its business amid poor performance
The company will re-align its business under three distinct segments and undergo significant restructuring operations.
Oracle cloud division drives FY18 revenue growth
Oracle has announced their US Q4 results and FY18 results, showing continued revenue growth.
Jade Software returns to profit after extensive restructure
Jade Software achieved a milestone in 2017 with a return to profit.
Nutanix reports third quarter fiscal 2018 financial results
“Demand for our solutions remains strong as we saw 67% growth in software and support billings and 55% growth in software and support revenue."
SaaS and cloud behind H1 success for TechnologyOne
SaaS platform contract revenue has grown 51% and revenue from cloud offerings by 217%, leading to a total of $120m in revenue over this half-year.
Xero posts first annual EBITDA positive result
Xero improved operating and investing cash flow margins from 71% to 9% over three years and grew revenue at a CAGR of 49% over the same period.