Industry insider news for Australia's technology resellers
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Vodafone year end results show revenue growth and profit drop
With a $5m growth in revenue and 92,000 more customers over the last year, Vodafone remains in a strong position despite $7.7m less profit than 2017.
Profits down but revenue & CAPEX up as NEXTDC eyes the future
There may be less money to play with but the company had a very busy year with a series of new data centre launches revenues rising 31 percent.
MYOB says it's 'on track' to hit 1m subscribers by 2020
“Our client-focused innovation continues to drive business improvements and personal rewards for businesses throughout New Zealand and Australia."
The impact of business transformation on Spark NZ’s financial year
"Spark’s success in growth areas continued to offset the decline in legacy areas of the business."
Lenovo Data Center Group revenue skyrockets 67.8% in 12 months
Lenovo has announced its results for its first fiscal quarter and they paint a pretty picture with double-digit growth across the company.
Datacom report revenue growth despite overall loss
"Datacom’s strategy and new organisational structure position us well to meet current and future client needs."
Microsoft Cloud drives record fourth quarter results
"We had an incredible year, surpassing $100 billion in revenue as a result of our relentless focus on customer success."
Exclusive: Ingram NZ profit way down as interest takes its toll for last time
New Zealand’s highest revenue distie has released their financial report for FY17 and, while revenue is up, net profit has taken a down turn.
CSG to exit enterprise segment of its business amid poor performance
The company will re-align its business under three distinct segments and undergo significant restructuring operations.
Oracle cloud division drives FY18 revenue growth
Oracle has announced their US Q4 results and FY18 results, showing continued revenue growth.
Jade Software returns to profit after extensive restructure
Jade Software achieved a milestone in 2017 with a return to profit.
Nutanix reports third quarter fiscal 2018 financial results
“Demand for our solutions remains strong as we saw 67% growth in software and support billings and 55% growth in software and support revenue."
SaaS and cloud behind H1 success for TechnologyOne
SaaS platform contract revenue has grown 51% and revenue from cloud offerings by 217%, leading to a total of $120m in revenue over this half-year.
Xero posts first annual EBITDA positive result
Xero improved operating and investing cash flow margins from 71% to 9% over three years and grew revenue at a CAGR of 49% over the same period.
Google AU hits $1b in revenue… or is it $3b?
In Google Australia has posted $1.02b in revenue. However, in their report, they note that it could have been $3b if not for creative accounting.
Intel posts impressive growth with data centres the main driver
The tech giant turns 50 in June and so its booming revenues following heavy investment in data centres could be seen as a timely birthday present.
Veeam inches closer to its $1 billion by 2018 goal
Veeam have released their Q1 2018 results showing continued year-over-year customer acquisition growth.
HPE NZ sees huge admin savings within 65% profit drop
HPE spun off their Enterprise Services offering in a bid to save money. Now they have released their financials we can see how it has worked out.
Fonterra posts $348 million half-year profit loss, CEO steps down
“Beingmate’s continued under-performance is unacceptable."
Nutanix continues revenue growth for Q2, acquires Minjar
The company reported Q2 revenues of $286.7 million with growth rates of 44% year-over-year.
EXCLUSIVE: Lenovo A/NZ subsidiaries' impressive finances
Lenovo’s A/NZ subsidiary have posted $699 million in revenue for 2017, improving on 2016’s numbers by $56m.
MYOB sees record online subscriber growth and migration rates
“We are seeing more and more accountants and SMEs embrace their digital future and migrate online,” - CEO Tim Reed.
Despite H1 revenue drop, Hills expect a profitable year
Hills attributes the fall in revenue to the exiting of the unprofitable NBN satellite installation business and a shortfall in antenna sales.
Telstra takes on shifting market and comes out on top
“We are stepping up how we aggressively compete in the market."
Whitepaper: How MSPs can escape technology's all-too-familiar Catch-22
Managed service providers may be hurting themselves by relying on technology platforms that are ‘good enough'.
The six golden keys to successful identity assurance
When someone tries to access your internal systems, how can you be sure a user is who they claim to be?