Financial results stories
Westcon NZ posts $17.6m revenue drop with little effect on profit
Despite the drop in revenue, the company’s profits only dipped by $117,000 between 2020 and 2021.
Alphabet publishes Q2 2021 financial results showing Google in fine form
CEO Sundar Pinchai says, "Our long-term investments in AI and Google Cloud are helping us drive significant improvements in everyone’s digital experience."
LG Electronics Australia posts $15.8m profit for FY 2020
The company’s New Zealand branch also received NZ$203,858 in wage subsidies from the New Zealand government during COVID lockdowns in 2020.
Zoom’s first-quarter financial results nearly 1 billion, up 191% year over year
Zoom’s financial results for the first quarter of 2021 have a total revenue of $956.2 million, up 191% year over year.
Travel software firm Serko suffers sharp losses amid pandemic disruption
Travel software company Serko has posted a sharply higher loss as the pandemic grounded much of its business.
Juniper Networks Australia posts modest profit in 2020
The company also acknowledges the negative impact of COVID-19 on its operations.
Hewlett-Packard NZ posts $4.66m net profit loss
It is a sharp drop from the $3.57 million net profit the company recorded in 2019.
Strong fourth quarter for Zoom in wake of COVID crisis
"Our ability to rapidly respond and execute drove strong financial results throughout the year."
Veeam reports growth as demand for modern data protection increases
“Even with the unforeseen challenges and circumstances that began in early 2020, Veeam continued its rapid growth with its second consecutive year of bookings over $1 billion."
Microsoft NZ reports giant jump in profits in 2020 financial results
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.
Workday releases its Q3 2021 financial results
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.
Lenovo A/NZ posts $6.16m profit
The company did not pay out a dividend during the financial year, and does not recommend that one be paid.
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.