Displaying items by tag: Revenue

The global service provider router and switch market saw a low single-digit revenue decrease in 2Q 2021 attributed to market contraction, which was a result of revenue reduction in China that offset growth in all other regions, according to market research firm Dell’Oro Group’s Service Provider Router and Switch report.

Australian-listed communications software and cloud infrastructure provider MNF Group has continued to grow recurring revenue on the back of “strong demand” from long-term customers in its global wholesale business.

Artificial intelligence solutions provider SenSen Networks recorded cash receipts from customers in the fourth quarter 2021 of $1.6 million, which it says is the highest quarterly cash receipts since listing, and $200,000 more than in Q4 2020.

Australian-listed medtech company, MedAdvisor has closed a $5.25m capital raise via a placement, with the funds to be used to accelerate US growth initiatives.

Data storage infrastructure solutions vendor Seagate Technology has released its third-quarter results, for the period ending April 2nd 2021. This shows revenue of $US 2.73b, $US 912m returned to shareholders and an operating margin of 14.1%.

Singapore’s fixed communications service revenue is expected to decline at a compounded annual growth rate (CAGR) of 0.7% from US$1.7 billion in 2020 to US$1.6 billion in 2025 as any growth in the fixed broadband service revenues will fail to offset the continued decline in fixed voice service revenues, according to data and anaytics firm GlobalData.

Global networking systems, services and software company Ciena has reported first quarter 2021 revenue of US$757.1 million, compared to US$832.9 million for the fiscal first quarter last year.

Pay-TV service revenue in Australia and the wider Asia-Pacific region is set to drop from US$61.6 bilion in 2020 to US$60.8 billion in 2025 due to a slowdown in pay-TV household penetration, continued decline in Cable TV subscriptions and fall in average spend per pay-TV account.

The total fixed communications services revenue in Australia is expected to increase at a sluggish compound annual growth rate (CAGR) of 0.7% from US$9.9bn in 2020 to US$10.2bn in 2025, supported by the growth in fixed broadband segment, according to data and analytics firm GlobalData.

Australian-listed Macquarie Telecom Group is trumpeting delivery of 13-consecutive halves of profitable revenue growth, wth the release of its results for the half year ended December 2020.

ASX-listed telecommunications, cloud and IT solutions provider Over the Wire increased revenue by 17% to $50.3 million for the half year ending December 2020, with earnings before interest, taxes, depreciation and amortisation (EBITDA) increasing 28% to $10.5 million.

Over the past few years, IoT has become one of the most important technologies globally, allowing seamless communication between people, processes, and things.

Thailand’s mobile services revenue declined in 2020 due to the adverse impact of the COVID-19 crisis on mobile subscription growth and mobile service average revenue per user (ARPU) levels during the year, according to one global analyst.

Australian-listed space technology operator Kleos Space has appointed seasoned industry executive Eric von Eckartsberg as Chief Revenue Officer as it prepares for commercialisation of its global activity-based intelligence data.

The information technology (IT) industry will morph in 2021, prompted by its response to the chaos of 2020 and affirmation that it is the central nervous system of our digital society, according to tech industry trade association CompTIA, in its latest IT industry outlook report.

The operator of the national broadband network, NBN Co, is trumpeting strong momentum and earnings growth, recording quarterly earnings of $102 million in the three months ending September 2020, compared to a loss of $435 million in Q1 FY2020 – and with total revenue of $1.07 billion for three months, up 22% on the corresponding quarter last year.

Chinese telecommunications equipment vendor Huawei Technologies has seen revenue of 671.3 billion yuan (A$140.6 billion) in the first nine months of 2020, the company says, adding that this was an increase of 9.9% over the corresponding period in 2019.

Communications workflow platform provider Whispir has recorded its strongest quarterly customer growth ever for the first quarter ending 30 September 2020, onboarding 35 net new customers during the quarter to bring its total customer count to 665.

COVID-19 initially slowed mobile phone sales in the Asia Pacific and disrupted supply chains and demand for certain 5G-related end verticals, according to a new analyst report which now forecasts that digital factory revenues are primed for a post-COVID recovery worth US60 billion by 2030.

Macquarie Telecom Group has suffered a 17.5% drop in net profit for the full year 2020, despite increasing revenue by 8% to $266.2 million for the year.