Financial results stories

Newgen Software has announced robust Q2 results for fiscal 2025, with revenues up 23% to INR 361 crore and profits surging 47% to INR 70 crore.

HCLTech has reported a 6.8% revenue increase to USD $3.4 billion for Q2, driven by growth in its software business and strong GenAI solutions.

NEC New Zealand reports a pre-tax loss of NZD $1.098 million for FY24 despite a 9.2% revenue rise, grappling with increased inventory costs and shifting market demands.

Westcon-Comstor has been named an inaugural Catalyst Partner under Broadcom’s Enterprise Security Group, securing sole APAC distribution rights for Symantec and Carbon Black.

Toshiba reports modest growth for the year ending March 2024, with steady revenue increases balancing rising operational costs and strategic investments.

NTT New Zealand cuts net loss to NZD $17.3M but remains in deficit amid declining revenues and rising interest costs, challenging its financial stability.

Okta has launched new identity management tools, including Identity Security Posture Management, aimed at enhancing security for financial services amid escalating cyber threats.

Snowflake reports Q2 fiscal 2025 revenue of USD $868.8 million, a 29% YoY growth. Product revenue rose 30% to USD $829.3 million.

nib New Zealand reports a NZD $21.2 million operating profit for FY24 and a 3.1% increase in policyholders, navigating economic and healthcare challenges.

Workday's revenue surged to USD $2.085 billion in Q2, up 16.7%. It also rolled out new global payroll services to streamline multinational operations.

Zoom Video Communications surpasses fiscal Q2 guidance with USD $1,162.5 million revenue, driven by AI-powered tools; records a 33.7% rise in operating cash flow.

Comms Group reported a 7% revenue increase to $55.5M for FY24, achieving 36% growth in underlying EBITDA and declaring its first-ever dividend.

WiseTech Global reports stellar FY24 with a 28% revenue rise to AUD $1,041.7 million and a robust EBITDA margin. New products and agreements fuel optimism.

Amplitude posts an 8% revenue growth to USD $73.3 million, appoints Andrew Casey as new CFO, and prepares for potential sanctions-related risks impacting receivables.

Fortinet's Q2 2024 results show record operating margins and a 19.8% rise in service revenue, signalling strong growth despite a slight dip in product sales.

Milestone Systems has launched its most interactive Experience Centre in Melbourne’s Mulgrave, boosting its APAC presence with cutting-edge video tech solutions.

LG Electronics posted record second-quarter revenue of KRW 21.69 trillion (USD $15.82 billion) and operating profit of KRW 1.20 trillion (USD $875 million).

Dell New Zealand reported a sharp 16% drop in FY2024 revenues, with total earnings falling from NZD $288 million to NZD $240.3 million, as market demand shrinks.

Check Point names Nadav Zafrir as new CEO amid strong Q2 2024 results, with revenues up 7% to USD $627 million. Founder Gil Shwed to become Executive Chairman.

Fidelity Life teams with UnderwriteMe to launch E-App, transforming life insurance applications in New Zealand by streamlining the underwriting process.