Financial results Stories

Kiwi Stories

Financial results stories

Adyen New Zealand lifts fourfold rise in net profit

Stronger finance income and a shift to positive operating cash flow helped the payments firm lift annual net profit to NZD $1.52 million.

By Karen Joy Bacudo • 4 min read • 5 days ago

Taxation

Westcon Group NZ lifts profit despite revenue drop

Lower purchasing costs and stronger finance income lifted Westcon Group NZ's annual profit to NZD $9.8 million, even as sales slipped.

By Karen Joy Bacudo • 3 min read • 5 days ago

IT Industry

Dell New Zealand profit rises despite slight revenue dip

Lower operating costs and foreign exchange gains helped offset softer sales, leaving net profit up to NZD $2.34 million as assets grew.

By Karen Joy Bacudo • 3 min read • 5 days ago

Global Stories

Financial results stories

Semiconductors

Sharon AI lifts contract value to USD $8.8 billion

Revenue rose sharply but the Australian AI infrastructure group's loss widened after a USD $400.4 million non-cash hit, despite stronger cash reserves.

By Karen Joy Bacudo • 4 min read • Yesterday

Disaster Recovery

AvePoint lifts annual recurring revenue guidance after Q2

Second-quarter growth in SaaS revenue and cash generation prompted the company to raise its full-year annual recurring revenue outlook.

By Karen Joy Bacudo • 3 min read • Today

Digital Transformation

Iron Mountain raises guidance after record second quarter

Stronger demand in data centres and storage helped Iron Mountain swing to a profit and lift full-year guidance after a record quarter.

By Sean Mitchell • 3 min read • Yesterday

Partner Programmes

Hosted Network names Anthony Rosa as Sales Director

The channel-only provider is tightening its leadership as it expands wholesale cloud, connectivity and voice services across Australia.

By Mark Tarre • 4 min read • Today

Software-as-a-Service

10x Banking raises GBP £40 million from AshGrove Capital

The London-based software group is set to expand sales after turning EBITDA-positive and growing annual recurring revenue by more than 30%.

By Joseph Gabriel Lagonsin • 4 min read • 3 days ago

Supply Chain

Henkel starts Loctite compound output in Australia

Local miners and heavy industries should benefit from faster deliveries as Henkel replaces imported supply of Loctite PC 9313 with Victorian output.

By Sean Mitchell • 3 min read • 4 days ago

Wearables

Snap revenue rises 19% as users near 1 billion mark

Snap is edging towards one billion monthly users as advertising and subscription sales help lift quarterly revenue 19% to USD $1.60 billion.

By Karen Joy Bacudo • 4 min read • 3 days ago

Digital Transformation

Amazon retail growth boosted by grocery & AI shopping

Amazon reported growth across retail, grocery, pharmacy and AI shopping as it expanded product selection and accelerated delivery speeds.

By Mark Tarre • 4 min read • 4 days ago

Data Protection

Fortinet lifts full-year revenue guidance after strong Q2

Stronger demand for its network security tools sent quarterly revenue up 26 per cent and prompted a higher full-year outlook for the cybersecurity group.

By Karen Joy Bacudo • 4 min read • Last week

Stories from Other Regions

Financial results stories

Digital Transformation

Infosys signs 10-year tech overhaul deal with Crocs

The footwear group aims to cut costs and unify operations across 85 countries as it modernises ageing systems with AI support.

By Sofiah Nichole Salivio • 4 min read • Today

Data Analytics

AI adoption boosts UK accountants' profits, Xero says

Firms embedding AI in daily workflows are saving hours each week and posting more than double the profit margins of rivals, Xero says.

By Karen Joy Bacudo • 5 min read • 2 days ago

Software-as-a-Service

VIVA triples loan originations after LoanPro migration

The lender says cleaner data and more automation cut manual work, helping it scale without hiring servicing staff at the same pace.

By Karen Joy Bacudo • 4 min read • 3 days ago

Artificial Intelligence

Pearson lifts half-year profit & reaffirms guidance

Stronger cash generation and a 14% rise in adjusted operating profit left the education publisher confident enough to keep full-year guidance unchanged.

By Karen Joy Bacudo • 4 min read • Last week