Global Stories

SolarWinds to be acquired by Turn/River for USD $4.4bn

SolarWinds has struck a deal to be acquired by Turn/River Capital for around USD $4.4 billion, offering shareholders a premium of 35% per share.

By Sean Mitchell • 3 min read • Sun, 9th Feb 2025

Manufacturing

IFS reports strongest financial results for 2024

IFS has announced record financial results for the year ending December 31, 2024, with ARR exceeding EUR €1 billion driven by strong demand for Industrial AI solutions.

By Melania Watson • 3 min read • Wed, 5th Feb 2025

Artificial Intelligence

SenSen reports third cash-positive quarter with growth plans

SenSen Networks has reported AUD $1.3 million in operating cash flow for Q2, marking its third successive positive cash period despite a slight decline from last year's figures.

By Sean Mitchell • 2 min read • Wed, 15th Jan 2025

Crypto

IREN's Q1 FY25 results reveal shift in mining & AI focus

IREN reported Q1 FY25 results, revealing USD $49.6 million in Bitcoin mining revenue and a net loss of USD $51.7 million amid expanding AI cloud services.

By Kaleah Salmon • 3 min read • Fri, 29th Nov 2024

Unified Communications

Zoom financials reveal moderate growth in AI sector push

Zoom Communications has reported a 3.6% increase in revenue for Q3 2025, reaching USD $1,177.5 million, while key AI innovations drive user growth.

By Shannon Williams • 3 min read • Fri, 29th Nov 2024

Cloud Security

CrowdStrike surpasses USD $4 billion in annual revenue

CrowdStrike has announced a remarkable achievement, surpassing USD $4 billion in annual recurring revenue, marking significant growth in its latest quarterly results.

By Melania Watson • 4 min read • Wed, 27th Nov 2024

Hyperscale

HMC Capital acquires iseek platform for AUD $400 million

HMC Capital has acquired data centre platform iseek for AUD $400 million, enhancing its strategy to launch a Global Digital Infrastructure Platform.

By Sean Mitchell • 3 min read • Fri, 15th Nov 2024

Software-as-a-Service

Catapult reports 20% rise in ACV & strong revenue growth

Catapult has reported a 20% rise in Annualised Contract Value to USD $96.8 million and significant revenue growth of 19% to USD $57.8 million for H1 FY25.

By Melania Watson • 4 min read • Thu, 14th Nov 2024

Commvault

Commvault reports 16% rise in Q2 revenue, boosts outlook

Commvault has reported a robust financial performance for Q2 fiscal 2025, with revenues rising 16% to USD $233.3 million and subscription revenue up 37%.

By Imee Dequito • 2 min read • Wed, 30th Oct 2024

Enterprise Content Management

Newgen Software reports 23% rise in Q2 revenues to INR 361 Cr

Newgen Software has announced robust Q2 results for fiscal 2025, with revenues up 23% to INR 361 crore and profits surging 47% to INR 70 crore.

By Shannon Williams • 3 min read • Fri, 18th Oct 2024

Stories from Other Regions

Harvey Norman

Harvey Norman reports mixed Financial Results for FY2024

Harvey Norman New Zealand reports a 6.1% drop in revenue to NZD $1.05 billion for FY2024, yet maintains profitability with a net profit of NZD $33.4 million.

By Melania Watson • 3 min read • Tue, 14th Jan 2025

Financial results

MTF reports record USD $1.1bn receivables for FY24

MTF reported a strong performance for the 2024 fiscal year, with finance receivables hitting USD $1.1 billion, reflecting ongoing demand for its lending products.

By Kaleah Salmon • 2 min read • Fri, 6th Dec 2024

Harvey Norman

Harvey Norman reports financial turnaround despite decline in revenue

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.

By Imee Dequito • 3 min read • Tue, 3rd Dec 2024

Supply Chain

JB Hi-Fi reports financial challenges amid increased revenue

JB Hi-Fi NZ reported a 12.3% revenue increase to NZD $327.9 million for FY2024 but faced significant losses due to rising operating expenses.

By Imee Dequito • 3 min read • Tue, 3rd Dec 2024

Software-as-a-Service

Infinigate reports GBP £1.2 billion revenue, 14% growth

Infinigate has reported a revenue of GBP £1.2 billion for H1 2024-2025, marking a 14% year-on-year growth despite economic challenges.

By Shannon Williams • 3 min read • Fri, 8th Nov 2024

Apple

Apple New Zealand's local revenues and profits decline

Apple New Zealand has reported a revenue drop to $1.14 billion and a net profit decline to $22.8 million for the fiscal year ending June 2024.

By Melania Watson • 3 min read • Wed, 6th Nov 2024

Digital Transformation

Oracle New Zealand reports solid financial performance for FY 2024

Oracle New Zealand has reported stable growth for FY 2024, revealing increased revenue and a healthy profit margin amid challenging market conditions.

By Imee Dequito • 3 min read • Wed, 6th Nov 2024

Artificial Intelligence

Seeing Machines reports 17% revenue rise to USD $67.6m

Seeing Machines has reported a 17% revenue increase to USD $67.6 million for the year ending June 2024, buoyed by regulatory trends in transport.

By Melania Watson • 4 min read • Fri, 1st Nov 2024

Unified Communications

HCLTech posts strong Q2 growth, highlights AI successes

HCLTech has reported a 6.8% revenue increase to USD $3.4 billion for Q2, driven by growth in its software business and strong GenAI solutions.

By Imee Dequito • 3 min read • Wed, 16th Oct 2024

Displays

NEC New Zealand reports over $1m loss for FY24 amid revenue growth

NEC New Zealand reports a pre-tax loss of NZD $1.098 million for FY24 despite a 9.2% revenue rise, grappling with increased inventory costs and shifting market demands.

By Melania Watson • 4 min read • Tue, 1st Oct 2024