Industry insider news for Australia's technology resellers
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NTT amalgamates AU & NZ businesses under new A/NZ region
Meanwhile, NTT New Zealand posted a $16m loss in the year ended 31 March 2020.
Toshiba posts AU & NZ financial results with modest profit & loss
Toshiba has recently published its annual reports for its Australian and New Zealand operations for the year ended 31 March 2020.
Zoom reports massive revenue growth in Q2 2021 financial results
Founder and chief executive officer Eric S. Yuan says the world’s shift towards remote solutions and amidst business continuity concerns at the beginning of the year has greatly affected the company’s standing.
Fortinet reports total revenue of $615.5 million
Strong demand for secure SD-WAN and work-from-home capabilities helped power 18% second quarter revenue growth.
Westcon Group reaps $221.5m revenue
Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million.
Veeam reports biggest second quarter in company history
"During Q2’20, Veeam continued to accelerate its business and growth trajectory with our broad ecosystem of partners, and we have maintained a customer-first ethos."
Ingram Micro NZ Holdings post FY 19 financials
“With a broad range of products and services and diverse range of partners, the company expects to mitigate downside risks to profitability. The company has sound liquidity with no external debt.”
Synnex posts mild revenue drop, but profits increase
Profit after expenses and income tax totalled $327,438 – up from $219,727 in the year previous.
LG's NZ branch posts promising FY19 results
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.
Acer NZ reports decreased revenue but boosted profits for FY19
The dip in yearly revenue was offset by an 89% increase in operating profit, increasing from $232,344 in FY18 to $440,741 the following year.
Arrow ECS NZ reports mild profit increase in FY19
.After income tax expenses, FY19 profit reached $1.8 million, compared to $1.2 million in the year prior.
Google NZ reports revenue & profit spike
Google reported a FY19 profit of $8.1 million, a major increase from a $1 million dollar loss in 2018.
Alibaba records growth for 2020, but it's not all smooth sailing
The company's Cloud business saw huge gains, but the declining business activity in the early months of 2020 was not kind to the retail giant.
Logitech posts 'record' sales buffered by remote working rush
“Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn’t changed these trends: it has accelerated them.”
CEOs responsible for financial errors, not CFOs - research
Chief executives are being looked at to take accountability for errors in financial reporting, according to a new global survey.
Nintendo's profits soar, but analysts fear slowdown on the horizon
Operating profit skyrocketed 41% year-on-year for the financial year ending March 31, helped by its release of the popular Animal Crossing: New Horizons..
Fortinet delivers dominant Q1 2020 financial results
The cybersecurity company saw gains in almost every category for its financial results of the first quarter of the year.
Microsoft's revenue jumps 15% as pandemic has 'little impact' on tech giant
Microsoft today announced its financial results for the quarter ended 31 March, seeing revenue increase by US$5 billion from the prior-year period - owing much to the success of Azure and the world's reliance on the cloud service during pandemic.
Netflix hits jackpot: Q1 2020 sees subscriber count and revenue skyrocket
The streaming behemoth earned big in the first quarter of this year, adding record levels of new subscribers and increasing revenue 27.6% year-on-year.
Board International launches solution marketplace
Organisations are able to browse ready-made solutions built specifically for the Board decision-making platform, which complement customers’ existing Board solutions.
HPE NZ posts net profit in FY19 results, improving on prior year's loss
HPE New Zealand has revealed its financial results for the financial year ending 31 October, seeing a net profit when compared to FY18's net loss.
Chorus reports strong EBITDA following solid half
The growth in EBITDA was achieved through a combination of operating cost reductions and strong broadband connections growth.
Vocus showing growth in A/NZ markets
Both the parent in Australia and the NZ wing of the telco are showing solid revenue in the previous financial half-year.
RingCentral reveals strong financial results for Q4
The company reached its goal of $1 billion annual revenue.