Financial results stories - Page 11

Datacom Group, a leading tech company, has reported a nearly doubled profit of $35m, thanks to increased demand for digital services.

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.

Zoom’s financial results for the first quarter of 2021 have a total revenue of $956.2 million, up 191% year over year.

Serko, the travel software company, has reported an increased net loss of $29.4m due to the impact of the pandemic on its business.

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

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

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

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

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

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.

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

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

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

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

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

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

New Zealand's smartphone market sees highest quarterly growth since 2017 as the country rebounds from the pandemic.

The company made $27.3 million in profit for the year ended June 2020, compared to a loss of $3.8 million the prior year.

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

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.