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Financial results Stories - Page 2

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Financial results stories

The workforce cost most APAC organisations are failing to measure
Digital Transformation

The workforce cost most APAC organisations are failing to measure

Preventable attrition, absenteeism and hiring inefficiency are costing APAC firms millions per 1,000 employees, new research shows.

By Brenton Smith • 6 min read • Last month
Xero adds industry benchmarks for small firms in Analytics
Software-as-a-Service

Xero adds industry benchmarks for small firms in Analytics

Small firms can now gauge whether weak margins, slow payments or rising costs are sector-wide or company-specific using Xero's new peer data tool.

By Joseph Gabriel Lagonsin • 4 min read • Last month
NFON shareholders back AI strategy at annual meeting
Software-as-a-Service

NFON shareholders back AI strategy at annual meeting

Investor backing for NFON's AI push came as the Munich software group lifted revenue to EUR 89.1 million and boosted margins.

By Joseph Gabriel Lagonsin • 4 min read • Last month
CDC Data Centres NZ swings to loss despite rental growth
Data centers

CDC Data Centres NZ swings to loss despite rental growth

A NZD $145.6 million property revaluation loss and higher financing costs pushed the data centre operator to a NZD $87.7 million annual deficit.

By Karen Joy Bacudo • 3 min read • Last month
Taktile raises USD $110 million to expand AI in finance
Software-as-a-Service

Taktile raises USD $110 million to expand AI in finance

The funding will help banks and insurers automate lending, claims and onboarding while keeping AI decisions auditable and compliant.

By Karen Joy Bacudo • 4 min read • Last month
Vanillasoft names Alex Terry Chief Executive Officer
Software-as-a-Service

Vanillasoft names Alex Terry Chief Executive Officer

David Hood is stepping back from day-to-day control as the sales software group seeks to broaden its AI tools and customer reach.

By Sofiah Nichole Salivio • 3 min read • Last month
IT solution providers post record margins & valuations
Artificial Intelligence

IT solution providers post record margins & valuations

Higher profitability has helped push enterprise values up by about 15% for the average IT solution provider, according to a new report.

By Sean Mitchell • 4 min read • Last month
10x Banking tops 10 million accounts as ARR jumps 30%
Software-as-a-Service

10x Banking tops 10 million accounts as ARR jumps 30%

Demand for core banking upgrades is helping 10x Banking scale, with live accounts topping 10 million and ARR rising by more than 30%.

By Karen Joy Bacudo • 3 min read • Last month
PagerDuty names Eric Prengel as Chief Financial Officer
Software-as-a-Service

PagerDuty names Eric Prengel as Chief Financial Officer

Howard Wilson's retirement will hand PagerDuty a finance chief with deeper banking and public-company experience as it pushes further into AI tools.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Data storage gets profitable as Exaba targets US expansion
Software-as-a-Service

Data storage gets profitable as Exaba targets US expansion

Exaba's local cloud storage pitch could give US managed services providers higher margins as it challenges AWS and Azure in a crowded market.

By Donovan Jackson • 6 min read • Last month

Stories from Other Regions

Financial results stories

Acer Computer New Zealand profit more than doubles
IT services

Acer Computer New Zealand profit more than doubles

Lower costs and a tax benefit lifted Acer Computer New Zealand's annual profit, even as revenue held steady at NZD $26.55 million.

By Karen Joy Bacudo • 3 min read • This month
LG Electronics New Zealand branch lifts profit as costs fall
Supply Chain

LG Electronics New Zealand branch lifts profit as costs fall

Lower promotion and marketing costs helped lift annual profit even as revenue slipped slightly at LG Electronics' New Zealand branch.

By Karen Joy Bacudo • 4 min read • This month
Schneider Electric NZ profit rises despite lower sales
Schneider Electric

Schneider Electric NZ profit rises despite lower sales

Lower operating costs helped Schneider Electric NZ lift annual profit to NZD $9.2 million even as revenue fell 9.5% to NZD $175.4 million.

By Karen Joy Bacudo • 3 min read • This month
Dicker Data NZ profit rises despite modest revenue growth
IT Industry

Dicker Data NZ profit rises despite modest revenue growth

Lower operating costs and reduced finance expenses helped lift Dicker Data NZ's profit to NZD $8.5 million, despite only modest revenue growth.

By Karen Joy Bacudo • 3 min read • Last month
BlackBerry posts fifth straight profitable quarter
Robotics

BlackBerry posts fifth straight profitable quarter

Revenue growth and stronger cash generation helped BlackBerry extend its run of positive GAAP net income to five quarters.

By Karen Joy Bacudo • 4 min read • Last month
Amazon Business launches new tools amid Australia growth
Software-as-a-Service

Amazon Business launches new tools amid Australia growth

Procurement teams are under pressure to cut costs as Amazon Business reports strong first-year growth and launches AI buying tools in Australia.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Meta invests USD $1 billion in CRED as Shah steps back
Data Protection

Meta invests USD $1 billion in CRED as Shah steps back

The Indian fintech group is poised to use fresh capital and a new interim chief executive officer as it prepares for a possible public listing.

By Karen Joy Bacudo • 4 min read • Last month
Malaysia financial firms lag in AI scaling, report finds
Digital Transformation

Malaysia financial firms lag in AI scaling, report finds

Despite widespread pilots, only 17% of Malaysian financial institutions have scaled strategic AI initiatives, a new report says.

By Karen Joy Bacudo • 4 min read • Last month