Displaying items by tag: Federal Government

COMPANY NEWS:

Key highlights: 

• Atturra Limited unaudited FY24 revenue to exceed $240m, up 35% on the prior corresponding period (pcp)
• Strong end to 2HFY24 with Underlying EBITDA for the full year of $25m to $26m, up 19% on pcp which is in line with guidance of 25m+
• Over 40 new federal government contracts signed across multiple departments and agencies including Departments of Defence, Home Affairs, Finance, and Treasury, as well as the Australian Signals Directorate, Australian Criminal Intelligence Commission and Australian Financial Security Authority showing confidence in Atturra’s sovereign capabilities. Although individually not material to the overall FY24 result, the combined contracts noted have contributed to the aggregate FY24 performance outlined above.  
• Continuing to track well with contracts in the education, mining and resources and local government sectors. Atturra is expecting to continue strong revenue growth in FY25 whilst maintaining target underlying EBITDA.
• Continued success in integrating acquisitions to be Australia’s leading sovereign end to end IT services and advisory businesses.
• 20%+ growth in revenue for FY25 whilst maintaining underlying EBITDA of 10.5%

ARENA’s increased backing will support the rectification of MGA Thermal’s demonstration unit as it heads towards commercial deployment

COMPANY NEWS: Australian clean energy company, MGA Thermal, has received a further $2.48 million, tripling the project backing from the Federal Government’s Australian Renewable Energy Agency (ARENA).

GUEST OPINION:  Nathan McGregor, Senior Vice President Asia Pacific, at Cradlepoint has written the below in response to the Federal Government announcing that there will be a surge in spending on the Better Connectivity Program from an estimated $102 million in the current financial year to $228 million next financial year.

Secure document storage and records lifecycle solutions provider ZircoDATA has been hit by the Black Basta ransomware gang, with the company saying it had noticed unauthorised access of its servers on 28 February.

FinTech Australia is calling on the Federal Government to address the challenging capital raising environment for startups and renew its support for Austrade’s effort to promote our local sector abroad.

The Federal Government’s announcement that it will move to strengthen Australia’s merger laws, bringing Australia into line with most other developed economies, will benefit Australian consumers and businesses of all sizes, as well as the wider economy, according to the head of the competition watchdog, the ACCC.

World Backup Day should serve as a timely reminder to Australian businesses about their responsibility to protect customer data, according to global cloud storage company Wasabi Technologies.

The Federal Government has allocated a $3 million grant to researchers to support a world-first IVF study on how whole genome sequencing can be used to achieve better patient outcomes with IVF medications.

A government submission that sought to explain the impact of the Optus outage has revealed two out of three federal communications department staff with Optus mobiles could not dial the Triple Zero on the morning of the Optus outage.

COMPANY NEWS: As organisations continue to migrate data to the cloud, where and how data is handled is becoming an important consideration. In response to growing demand, WithSecure (formerly F-Secure Business) is introducing the option for its Cloud Protection for Salesforce customers in Australia and Singapore to select where their data is processed. The trusted, natively integrated solution prevents attacks via files and URLs uploaded to Salesforce Clouds.

Hybrid multicloud computing provider Nutanix has appointed Shree Balachandran to the newly created position of Australia and New Zealand (A/NZ) Cloud Economist.

Harry is a 26-year-old Army veteran who was a drone pilot in his military life. Today, he’s managing mission-critical software systems for a major government agency.

Wholesale broadband provider NBN Co has raised $850 million from its latest Australian green bond issuance in the domestic debt capital markets, which will be allocated to its sustainability projects and fibre-to-the-node to fibre-to-the-premises network upgrade program.

Cloud robotics company Cloud Ground Control has announced a new strategic partnership with Australia’s peak body for the robotics sector, Robotics Australia Group.

Two-thirds of Australian Federal Government portfolios have implemented Castlepoint’s category-defining AI, Castlepoint has claimed.

Shadow Minister for Climate Change and Energy, Ted O’Brien has called on the Federal Government to urgently review the energy security implications of its 82% renewables target.

The Federal Government is seeking the particpation of councils, telcos, and communities as the Federal Government opens up a $20 million round of the peri-urban mobile programme (Pump), which aims to deliver a more disaster-resilient communications in underserved peri-urban communities as communication in these areas tend to suffer from high infrastructure cost and difficult terrain, making connectivity access hard to reach.

GUEST EVENT: Hear expert speakers at the upcoming clean energy event Energy Next on the 18th to 19th of July 2023 at the ICC Sydney, providing expert predictions and guidance on overcoming challenges.

Hear expert speakers at the upcoming clean energy event Energy Next on the 18th to 19th of July 2023 at the ICC Sydney, providing expert predictions and guidance on overcoming challenges.

The Australian Computer Society (ACS) has been awarded a grant from the Federal Government's Maker STEM program to organise and host The BrainSTEM Games.