Financial results stories - Page 16

NEC acquires Swiss digital banking firm Avaloq, aiming to accelerate long-term growth and global expansion strategy.

New Zealand's smartphone market sees highest quarterly growth since 2017 as the country rebounds from the pandemic.

The company made $27.3 million in profit for the year ended June 2020, compared to a loss of $3.8 million the prior year.

Mid-market organizations express greatest dissatisfaction with accounting and finance functions, due to manual processes and lack of automation, says survey.

As a result of the strong showing, the company says it raising its fiscal 2021 subscription revenue guidance to a range of US$3.773 billion to $3.775 billion.

APAC consulting services revenue expected to reach $100bn in the next few years, with system design and integration leading the market.

Lenovo ANZ reports almost doubled profit in FY2020 at NZ$6.16m, with revenue reaching $928.6m, up from $799.2m in 2019.

sing Embedded analytics is a great way to make sure that everyone in your organisation is following the same process and making smarter data-driven decisions.

NTT is combining its Australia and New Zealand businesses to create an ANZ region and has appointed Tania Balcombe as its CEO.

Microsoft's commercial cloud revenue for FY20 Q4 was larger than that of Google and IBM combined, according to new research.

Toshiba has recently published its annual reports for its Australian and New Zealand operations for the year ended 31 March 2020.

Zoom reports enormous 355% YoY increase in revenue for Q2 2021, as remote work continues to drive strong financial performance.

Spark New Zealand reports revenue growth and strong performance in key markets, with overall revenue increasing by 2.5% to $3,623 million.

As the copper withdrawal looms, Chorus is looking at how it can leverage its fibre network to provide new products and services across the country.

Strong demand for secure SD-WAN and work-from-home capabilities helped power 18% second quarter revenue growth.

Westcon Group NZ reports revenue of $221.5m and a gross profit of $2.7m for 2020, up from $211.6m and $1.6m respectively in 2019.

Veeam Software reports a 20% YoY increase in annual recurring revenue for Q2'20, its biggest second quarter ever.

Ingram Micro New Zealand Holdings reports $653.3m revenue and $11.9m profit for 2019, remaining strong post COVID-19.

Synnex New Zealand's annual report reveals revenue drop to $159.5 million in 2019, down from $178.9 million the previous year.

LG's New Zealand branch has reported an increase in total revenue, but a decrease in net profit in the company's financial results for 2019.