ChannelLife Australia - Industry insider news for technology resellers

Financial Year (FY) stories

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Orient Technologies sees 22% revenue jump on project wins in Q2

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Orient Technologies posted a 22.25% revenue rise to INR ₹2.73 billion in Q2 FY26, driven by new cloud, digital transformation, and government contracts.
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Westcon-Comstor grows H1 sales to USD $2.78 billion on cybersecurity

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Westcon-Comstor's H1 sales rise 9.8% to USD $2.78bn, driven by 16% growth in cybersecurity and a focus on recurring revenue streams.
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Sony Interactive New Zealand reports stronger annual profit despite lower cash reserves

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Sony Interactive Entertainment New Zealand reported a rise in annual profit to NZD $1.22 million despite lower cash reserves and increased costs in 2025.
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Persistent Systems wins Everest Group award for sustained growth

Wed, 24th Sep 2025
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Persistent Systems has won the Everest Group's 2025 Growth Honor of the Year for consistent revenue growth, reporting USD $1.47 billion in trailing twelve-month revenue.
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333D posts first profit in five years & refocuses on healthcare

Thu, 11th Sep 2025
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333D reports first profit in over five years with USD $143,777 after-tax, focusing on healthcare and digital asset management growth for 2026.
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Goodman posts AUD $2.3 billion profit as data centre growth surges

Sat, 23rd Aug 2025
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Goodman Group’s FY25 operating profit rose 13% to AUD $2.3 billion, driven by booming data centre developments and strategic site acquisitions.
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Blackpearl revenue hits NZD $17.5m with US AI firm acquistion

Fri, 22nd Aug 2025
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Blackpearl has acquired US AI firm B2B Rocket, boosting its annual recurring revenue to NZD $17.5m as it targets the US small and medium business sector.
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Aspire revenue climbs 28% to GBP £50.9m on tech investments

Wed, 13th Aug 2025
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Aspire Technology Solutions saw revenue rise 28% to GBP £50.9m in 2025, driven by tech investments, regional expansions, and strong customer service focus.
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PEXA completes national rollout with Northern Territory launch

Tue, 12th Aug 2025
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PEXA completes its Australia-wide digital property settlement rollout with Northern Territory launch, exceeding AUD $1 trillion in annual transactions.
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Westcon reports revenue growth amidst profit decline in FY2025

Fri, 1st Aug 2025
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Westcon's FY2025 revenue rose to NZD $818.7m, but net profit fell 24% to NZD $4.8m amid higher costs and lower software sales.
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Schneider Electric IT’s NZ branch posts strong revenue growth amid shift in contract mix

Fri, 1st Aug 2025
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Schneider Electric IT Australia's New Zealand branch posted a 37.7% revenue rise to NZ$21.73m in 2024, driven by maintenance and equipment sales growth.
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Panasonic New Zealand reports heavy loss amidst decline in revenue and rising costs

Fri, 1st Aug 2025
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Panasonic New Zealand reports a net loss of NZD $4.57 million for 2025, hit by a 25% revenue drop and rising costs, reversing last year’s profit of NZD $1.67 million.
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Small business tax refunds surge in first quarter to AUD $5,000

Thu, 31st Jul 2025
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Small business tax refunds surged by 75% in Q1 2024, with average returns reaching AUD $5,000, reveals CommBank data on Australian financial year start.
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Australian firms to prioritise staff upskilling & office upgrades in 2025

Wed, 9th Jul 2025
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Australian businesses in 2025 will focus on new hires, staff upskilling, and office upgrades, favouring low-cost, high-impact investments amid tight profit margins.
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Australian SMEs opt for non-capital spending amid rising costs

Thu, 3rd Jul 2025
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Amid rising costs and economic uncertainty, 91% of Australian SMEs plan to prioritise non-capital spending over major investments in 2025-26.
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Ingram Micro New Zealand sees earnings dip amid softer revenue in 2024

Wed, 2nd Jul 2025
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Ingram Micro New Zealand’s net profit fell 39% to NZ$9.1m in 2024, hurt by softer revenue and tighter margins amid a competitive IT hardware market.
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StarHub celebrates 25 years with strong growth & USD $2.4bn in revenue

Mon, 23rd Jun 2025
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StarHub marks 25 years with USD $2.4bn revenue in 2024, rising 1.4%, driven by strong growth in Southeast Asia's enterprise and consumer markets.
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Why your export business should adopt AI-infused tax tech in FY2026

Wed, 18th Jun 2025
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Australian exporters using outdated tax software risk fines and delays; adopting AI-infused compliance tech in FY2026 offers speed and accuracy benefits.
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Harvey Norman reports financial turnaround despite decline in revenue

Tue, 3rd Dec 2024
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Harvey Norman reports a turnaround with a profit of NZD 9.86 million for the year despite a 10.4% fall in revenue to NZD 62.04 million.
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City of Tea Tree Gully upgrades with TechnologyOne system

Wed, 30th Oct 2024
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The City of Tea Tree Gully Council has adopted TechnologyOne's Property & Rating platform, streamlining processes and enhancing efficiency across operations.