Financial results Stories - Page 30

Global Stories

Financial results stories

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-19 lockdowns in 2020.

By Staff Writer • 2 min read • Thu, 1st Jul 2021

Unified Communications

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.

By Ryan Morris-Reade • 2 min read • Thu, 3rd Jun 2021

Gaming

NZ software firm Timely snapped up by overseas buyer

US company EverCommerce has acquired Dunedin-based software firm Timely, which provides booking software for spas and salons.

By RNZ • 2 min read • Thu, 20th May 2021

Hyperscale

Xero draws massive profits in pandemic

Xero sees strong profit rebound after pandemic squeeze, adding record 456k subscribers, but falls short of revenue estimates.

By RNZ • 2 min read • Fri, 14th May 2021

Data Analytics

Juniper Networks Australia posts modest profit in 2020

Juniper Networks Australia saw a drop in revenue to US$107.7m in 2020, but cost-cutting measures led to a more positive outlook.

By Staff Writer • 2 min read • Tue, 4th May 2021

Virtualisation

Cybercriminals influencing financial markets, report finds

FSIs in Asia Pacific face increasing cyber threats as digital banking accelerates, warns VMware's Modern Bank Heists 4.0 report.

By Shannon Williams • 3 min read • Fri, 16th Apr 2021

Cybersecurity

2020 sees a global shift in financial malware threats

The financial threat landscape experienced a game-changing pandemic year, according to a new report from Kaspersky.

By Shannon Williams • 3 min read • Wed, 7th Apr 2021

Hewlett-Packard NZ posts $4.66m net profit loss

Hewlett-Packard New Zealand reports $4.66 million net profit loss for 2020, down from $3.57 million in 2019. Revenue increased to $143.79 million.

By Staff Writer • 3 min read • Wed, 31st Mar 2021

Financial Systems

Tech companies need better financial controls to overcome growing revenue challenges

High tech companies face revenue challenges and rely on spreadsheets for revenue management, according to new research by Model N.

By Shannon Williams • 4 min read • Fri, 26th Mar 2021

Unified Communications

Strong fourth quarter for Zoom in wake of COVID-19 crisis

Zoom's Q4 2020 financial results show total revenue of $882.5m, up 369% YoY, as it responds to increased demand during the pandemic.

By Shannon Williams • 5 min read • Tue, 2nd Mar 2021

Customers

Customer churn costing Australian businesses millions, report finds

Lack of visibility into customer data is costing businesses millions and fueling a customer relationship crisis, says SugarCRM.

By Catherine Knowles • 3 min read • Mon, 22nd Feb 2021

Virtualisation

Veeam reports growth as demand for modern data protection increases

Veeam Software reports substantial growth in fiscal year 2020, with annual recurring revenue up 22% YoY and 400,000 customers.

By Shannon Williams • 5 min read • Fri, 12th Feb 2021

Supply Chain

COVID-19 causes significant jump in enterprise software acquisitions

The total transaction value disclosed across all deals in the space was also significant, reaching $112 billion - the highest amount on record.

By Catherine Knowles • 3 min read • Fri, 22nd Jan 2021

Digital Signage

NEC snaps up Avaloq, moves further into digital finance field

NEC acquires Swiss digital banking firm Avaloq, aiming to accelerate long-term growth and global expansion strategy.

By Catherine Knowles • 4 min read • Fri, 25th Dec 2020

Financial Systems

Why automating the finance function is critical for future growth

Mid-market organizations express greatest dissatisfaction with accounting and finance functions, due to manual processes and lack of automation, says survey.

By Claudia Pirko • 4 min read • Fri, 27th Nov 2020

Workday

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.

By Staff Writer • 3 min read • Thu, 26th Nov 2020