Revenue stories

Global IT and business services revenue is estimated to grow by 3.4% this year, according to new data from IDC.>>

Leading technology company Datacom Group has nearly doubled its profit on the back of a large revenue gain driven by increasing demand for digital services. >>

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

Travel software company Serko has posted a sharply higher loss as the pandemic grounded much of its business.>>

Another New Zealand software firm has been snapped up by an overseas buyer.>>

A solid rebound from the pandemic has delivered a strong lift in profits for accounting software firm Xero.>>

52% of sales professionals in Australia believe that their CRM systems are unfit for purpose, while customer churn is costing mid-market companies an average of US$5.5 million per year each.>>

"Despite the negative impact of the COVID-19 outbreak, APAC might be quicker to bounce back compared to other regions owing to agile delivery and support capabilities to the global enterprises.”>>

sing Embedded analytics is a great way to make sure that everyone in your organisation is following the same process and making smarter data-driven decisions.>>

China is set to dominate Asia Pacific (APAC) cloud computing market revenue in the lead up to 2024, with one-third revenue market share, according to GlobalData’s Market Opportunity Forecasts Model. >>

For the first time this year, annual commercial cloud revenue exceeded $50 billion.>>

“It is a credit to Spark's people that we have delivered such a strong result, with growth on nearly all key metrics, despite the impact of COVID-19 in the final quarter.">>

The dip in yearly revenue was offset by an 89% increase in operating profit, increasing from $232,344 in FY18 to $440,741 the following year. >>

"Looking ahead, we see a clear momentum of growth across all our business segments driven by increasing customer demand. We are confident to meet our performance targets in the coming year and create long-term value for our shareholders.">>

Denodo, the data virtualisation provider, has experienced worldwide growth in 2019 thanks to strong year-end momentum and quality customer interactions.>>

R&M has announced it has experienced increased sales in 2019, reaching CHF276.7 million, with sites now in the US East Coast and China.>>

Medius, the global provider of cloud based source to pay solutions, has released details of its 2019 financial results, which displayed positive growth for the company.>>

The company saw revenue growth of 4.0% to reach $1,824 million for the half year to 31 December 2019.>>

Video gaming revenues have almost doubled in the last five years, however the main players in the place are set to face stiff competition in coming months, according to a new study by EY.>>

“Kiwibank has a strong purpose and that is to make Kiwis better off. Our founding vision was for New Zealand to have a real and credible alternative to the offshore-owned banks, that remains at the heart of who we are and why we exist.">>

According to the company, the strong results are led by the Intelligent Devices Group (IDG). The PC and Smart Devices Group (PCSD), one of its two business units, continued double-digit (12%) revenue growth.>>

A new report reveals companies around the world could incur US$5.2 trillion in additional costs and lost revenue over the next five years due to cybercrime.>>

Equinix has brought around its 20th anniversary in style after announcing the doubling of its APAC revenue in the last 5 years.>>

"Datacom’s strategy and new organisational structure position us well to meet current and future client needs.">>