Displaying items by tag: Revenue

COMPANY NEWS: Australia today became the home of a partnership forged between Victoria’s Entrust ICT Solutions Company and Hong Kong-based Cloud-Computing Services giant, ZStack International.

GUEST OPINION: Technology leaders have long been pressured to turn a profit in their departments – and billing systems have emerged as the vehicle most likely to help leaders to succeed.

Cloud customer experience provider Genesys has announced preliminary results for the company’s fiscal year 2022 between February 1 2021 and January 31 2022)., claiming a record-setting fiscal year for the 12 months.

Snap, the company behind Snapchat, increased its share price by nearly 60% after it posted its first-ever net profit, and with daily active users and financial performance both beating analyst expectations. The company's performance demonstrates it is possible to recover from Apple's ad tracking transparency policy.

Singapore-based digital media quality platform  Integral Ad Science (IAS) adhieved total revenue of US$79 million for the third quarter ended September 2021, a 32% increase compared to $60.0 million in the prior-year period. 

Cloud computing specialist Nutanix has appointed 20 year ICT industry sales veteran Dominick Delfino as chief revenue officer.

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.