Displaying items by tag: Financials

Parking management industry company Smart Parking has applauded its progress in FY24, delivering record results, and is looking forward to delivering continued growth and a strong performance in FY25.

Global technology company HCL Tech has reported full year revenue of US$12.6 billion, up 9.6% YoY on the back of a “strong deal pipeline” and a "stellar year" of growth.across its portfolio of digital, cloud, engineering and software.

A growing number of Australian enterprises have made the switch and, for the rest, it’s only a matter of time.

GUEST OPINION by Claudia Pirko, ANZ Regional Vice President, BlackLine:  Has your business moved some or all of its core software applications to the cloud? For a growing number of local organisations, the answer is a resounding ‘yes’.

Object storage specialist provider Cloudian has announced record bookings for the first half of its fiscal year from February to July, increasing 50 per cent over the same period last year.

Global networking systems, services and software company Ciena has reported first quarter 2021 revenue of US$757.1 million, compared to US$832.9 million for the fiscal first quarter last year.

Australian-listed Macquarie Telecom Group is trumpeting delivery of 13-consecutive halves of profitable revenue growth, wth the release of its results for the half year ended December 2020.

ASX-listed telecommunications, cloud and IT solutions provider Over the Wire increased revenue by 17% to $50.3 million for the half year ending December 2020, with earnings before interest, taxes, depreciation and amortisation (EBITDA) increasing 28% to $10.5 million.

Australian-listed software technology company MGM Wireless has recorded total revenue growth of 47% to $10.5 million for 2020, despite experiencing a decrease in March - and then a rebound - in sales of its SPACETALK all in one children’s smartphone, watch and GPS device, due to the COVID-19 pandemic.

Australian-listed Internet service provider Spirit Telecom is trumpeting record growth of the business for 2020, with revenue increasing 100% to $34.9 million and an after tax net loss of $1.5 million in what the company describes as a “transformative” year.

Telstra has suffered a 14% drop in profits with the telco putting the decline down to pressure put on it by the the coronavirus pandemic and the national bushfire crisis.

Western Australia’s Curtin University has turned to software provider TechnologyOne to bolster its Software as a Service (SaaS) ERP solution, as it works to respond to the unprecedented impacts of the COVID-19 pandemic.

Australian IT professionals potentially have greater concerns about the security of company financials and intellectual property than the global average, according to a new global study which found that Australian respondents appear nearly 4.5 times more concerned about these areas of security than their home security, compared to the 3 times global response.

Australia’s second largest telco Optus has reported “slightly lower” quarterly operating revenues year on year, down from $2,419 million in 2018 to $2,393 million for 2019, with higher NBN migration revenue offsetting lower equipment and service revenues.

The chief of the Australian Informational Industry Association (AIIA) Ron Gauci expects IT to become the second biggest ASX sector when a new S&P All Technology Index - S&P AllTech - launches in February next year.

Residential builder AVJennings has signed a five-year deal with Australian enterprise software company TechnologyOne.

Organisations need to move to the cloud to take advantage of rapid technological change and to keep up with the speed of business changes. Oracle executive vice-president of applications and product development, Steve Miranda, said at Oracle OpenWorld Asia.

Australian-listed call recording platform provider Dubber has reported record growth in contracts for services with telecommunications service providers in the final quarter of the 2018 financial year.

Australian-based global technology recruitment specialist Talent has reported solid growth for the six months to the end of December 2017, on the back of a strong performance in APAC, its San Francisco office exceeding expectations and a turnaround in the company’s London office in the wake of the post-Brexit announcement.

Optus has reported a rise in operating revenue for the first quarter of 4.8% to $2.1 billion and an increased focus on postpaid customers saw the telco add over 54,000 postpaid subscribers for the three months. 

Online discounter Kogan has beaten forecasts for the three months to the end of June, producing new operating cashflows of $9.9 million for the quarter.