Displaying items by tag: revenue growth

• Stripe’s total payment volume increased to AUD 2.2T in 2024, up 38% year-on-year, and equivalent to around 1.3% of global GDP.
• Stripe is now used by half of the Fortune 100, 80% of the Forbes Cloud 100, and 78% of the Forbes AI 50.
• Stripe continues to invest heavily in R&D, including stablecoins and AI, to help companies navigate the evolving business landscape.

COMPANY NEWS: Stripe, the financial infrastructure platform for businesses, today shared that it processed AUD 2.2 trillion in total payment volume in 2024, up 38% from the prior year, and equivalent to around 1.3% of global GDP.

Operational technology (OT) and IoT security company Nozomi Networks has appointed Kevin Isaac as Chief Revenue Officer (CRO).

Total mobile services revenue in China is poised to increase at a compound annual growth rate (CAGR) of 4.1% from $146.4 billion in 2023 to $179.1 billion in 2028, mainly driven by the robust growth in mobile data services segment, according to a new forecast by one data and analytics company.

Mix of Cloud revenue up 55% YoY and ARR up 55% YoY signal robust forward performance.
Software revenue up 44% YoY as IFS continues to lead in ERP, EAM, FSM and ESM.

COMPANY NEWS: IFS, the global cloud enterprise software company, today announced its financial results for the first half of 2023 ending June 30th, with annual recurring revenue up a significant 55 percent year on year, cloud revenue up 55 percent and software revenue up 44 percent representing a 79 percent share of total revenue.

A new study from Juniper Research found that MaaS (Mobility‑as‑a‑Service) will generate revenue of $92 billion globally by 2027, up from $20 billion in 2022.

Australian-listed telco Superloop increased revenue to $262.5 million for the 12 months ended 30 June 2022, up by 137% from $110.7 million in the correspoding period in 2021.

The Asia-Pacific pay-TV services market is expected to see sluggish growth in revenue from US$62.5bn in 2021 to US$64.7bn in 2026, reflecting a meagre CAGR of 0.7%, mainly due to the continued decline in cable TV subscriptions and a drop in average spend per pay-TV account in the region, according to data and analytics company GlobalData.

Cloud-based call center as a service (CCaaS) provider Aircall has appointed Pablo Gargiulo as its first chief revenue officer.

Cyber security vendor Fortinet has announced updates to its Engage partner program which it says enables additional flexibility and revenue growth for partners.

Nozomi reports its market share hit 50% in key industrial verticals, experienced 110% growth in annual recurring revenue and doubled its customer base with a 90% increase in new customer revenues.

Australian-listed cloud-based IT solutions provider Linius Technologies says it has received firm commitments from professional investors to raise $5 million.