Displaying items by tag: Revenue

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.

VENDOR ANNOUNCEMENT: Global network protection vendor Claroty has recorded octuple annual recurring revenue growth year-over-year in the Asia Pacific region including Japan, from the first half of 2019 to the first half of 2020, fuelled by "growing demand for critical infrastructure security in the region".

Australian-listed software technology company MGM Wireless has recorded total revenue growth of 47% to $10.5 million for 2020, despite experiencing a decrease in March - and then a rebound - in sales of its SPACETALK all in one children’s smartphone, watch and GPS device, due to the COVID-19 pandemic.

Australian-listed Internet service provider Spirit Telecom’s fourth quarter 2020 revenue grew 133% year on year to $11.9 million, up from $5.1 million in the same quarter in 2019.

ASX-listed IT hardware, software and cloud distributor, Dicker Data has boosted its coffers, bringing in $1 billion in revenue for the six months to the end of June 2020 - an increase of 18.3% over the same period last year.

Peak industry body Commercial Radio Australia says a collective licensing-fee arrangement would provide the best framework to enable commercial radio broadcasters to share in the ad revenue that Google and Facebook generate from radio-created content.

Australia’s second largest telco Optus has suffered an operating revenue decline of 2% to A$8,954 million for the full year to the end of March, despite higher NBN migration revenue offsetting lower equipment and service revenues.

The Federal Government says national broadband network operator NBN Co has demonstrated “operational and financial resilience” during the initial phase of the COVID-19 pandemic and has welcomed the company’s “strong” 2019-20 third quarter results.

Telecommunications and data centre provider Macquarie Telecom has boosted revenue by 9% to $131.9 million for the half year to the end of December 2019, delivering what the company says is eleven halves of growth as it continues to invest in data centres cloud and security.

Communications provider MNF Group is trumpeting “solid results” for the six months to the end of December 2019 with net profit after tax up 20% to $3.7 million on the back of an increase in revenue of 14% to $112 million from $98.1 million for the same period in 2019.

Accounting software company Reckon Group has pulled in revenue of $75.4 million for the full year to the end of December 2019, with both EBITDA and net profits up by 5%.

Australia’s second largest telco Optus has reported “slightly lower” quarterly operating revenues year on year, down from $2,419 million in 2018 to $2,393 million for 2019, with higher NBN migration revenue offsetting lower equipment and service revenues.

NBN Co, the company building Australia’s National Broadband Network, lifted total revenue by 39% to $1.81 billion for the six months to the end of December 2019, with company chief Stephen Rue declaring the result “outstanding during a crucial time of the build”.

Australian-listed space technology operator Kleos Space invoiced just over $630,000 in contract revenue in December, according to the company’s fourth quarter 2019 activities update.

Online retailer Kogan has had a sales boost in the first half of the 2020 financial year, with gross sales of its marketplace platform rising by 44% in the second quarter, boosting profits by 9%, and the company confident about future market growth.