Financial results stories - Page 15

Only 11% of global execs are reaping significant financial benefits from their AI initiatives, a study reveals.

Global IT and business services revenue is estimated to grow by 3.4% this year, according to new data from IDC.

Finance sector in the UK hit by an average of 60 cyberattacks per year, with firms ill-prepared to combat them, according to a report by Keeper Security.

Westcon Group NZ revenue drops by $17.6m to $134.4m in 2021, but profits only dip by $117k due to cost savings. COVID-19 impact monitored.

Alphabet's Q2 2021 financial results show significant growth, with revenue of $61.9bn and operating income of $19.4bn. Google's advertising revenue also soared.

Loyalty programs that focus on genuine customer relationships can deliver significant value to organizations, driving repeat business and growth.

Datacom Group, a leading tech company, has reported a nearly doubled profit of $35m, thanks to increased demand for digital services.

The company's New Zealand branch also received NZ$203,858 in wage subsidies from the New Zealand government during COVID-19 lockdowns in 2020.

Zoom's financial results for the first quarter of 2021 have a total revenue of $956.2 million, up 191% year over year.

Serko, the travel software company, has reported an increased net loss of $29.4m due to the impact of the pandemic on its business.

US company EverCommerce has acquired Dunedin-based software firm Timely, which provides booking software for spas and salons.

Xero sees strong profit rebound after pandemic squeeze, adding record 456k subscribers, but falls short of revenue estimates.

Juniper Networks Australia saw a drop in revenue to US$107.7m in 2020, but cost-cutting measures led to a more positive outlook.

FSIs in Asia Pacific face increasing cyber threats as digital banking accelerates, warns VMware's Modern Bank Heists 4.0 report.

The financial threat landscape experienced a game-changing pandemic year, according to a new report from Kaspersky.

Hewlett-Packard New Zealand reports $4.66 million net profit loss for 2020, down from $3.57 million in 2019. Revenue increased to $143.79 million.

High tech companies face revenue challenges and rely on spreadsheets for revenue management, according to new research by Model N.

Zoom's Q4 2020 financial results show total revenue of $882.5m, up 369% YoY, as it responds to increased demand during the pandemic.

Veeam Software reports substantial growth in fiscal year 2020, with annual recurring revenue up 22% YoY and 400,000 customers.

The total transaction value disclosed across all deals in the space was also significant, reaching $112 billion - the highest amount on record.