Financial results Stories

Australian Stories

Financial results stories

AI could add AUD $4.8bn to small accounting sector

Labour shortages and rising client demands could be eased if more firms adopt AI, MYOB says, boosting annual revenue by AUD $4.8 billion.

By Karen Joy Bacudo • 5 min read • Last week

Global Stories

Financial results stories

Software-as-a-Service

10x Banking raises GBP £40 million from AshGrove Capital

The London-based software group is set to expand sales after turning EBITDA-positive and growing annual recurring revenue by more than 30%.

By Joseph Gabriel Lagonsin • 4 min read • Yesterday

Supply Chain

Henkel starts Loctite compound output in Australia

Local miners and heavy industries should benefit from faster deliveries as Henkel replaces imported supply of Loctite PC 9313 with Victorian output.

By Sean Mitchell • 3 min read • 2 days ago

Wearables

Snap revenue rises 19% as users near 1 billion mark

Snap is edging towards one billion monthly users as advertising and subscription sales help lift quarterly revenue 19% to USD $1.60 billion.

By Karen Joy Bacudo • 4 min read • 2 days ago

Digital Transformation

Amazon retail growth boosted by grocery & AI shopping

Amazon reported growth across retail, grocery, pharmacy and AI shopping as it expanded product selection and accelerated delivery speeds.

By Mark Tarre • 4 min read • 3 days ago

Data Protection

Fortinet lifts full-year revenue guidance after strong Q2

Stronger demand for its network security tools sent quarterly revenue up 26 per cent and prompted a higher full-year outlook for the cybersecurity group.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Global fintech market set to hit USD $1.5tn by 2034

Digital payments, AI and open banking are set to propel the sector to USD $1,533.29 billion by 2034, the report says.

By Karen Joy Bacudo • 3 min read • Last week

Manufacturing

Zebra study links AI to frontline productivity gains

Frontline modernisation with AI is delivering productivity, profit and retention gains as manufacturers and logisticians target specific workflows.

By Mark Tarre • 4 min read • Last week

Software-as-a-Service

xReality lifts revenue 69% & wins first European deal

A first European contract and stronger US demand lifted annual recurring revenue to AUD $8 million as xReality broadened its defence training reach.

By Sean Mitchell • 4 min read • Last week

Software-as-a-Service

DroneShield wins AUD $23.2m European defence contracts

Orders for vehicle-mounted counter-drone systems will lift committed revenue to AUD $206 million for 2026, even as margins ease.

By Mark Tarre • 5 min read • Last week

Digital Transformation

Boody adopts NetSuite to streamline global operations

The retailer says the new platform cut manual checks and held up through Black Friday, easing strain as sales surged across five markets.

By Joseph Gabriel Lagonsin • 5 min read • Last week

Stories from Other Regions

Financial results stories

Data Analytics

AI adoption boosts UK accountants' profits, Xero says

Firms embedding AI in daily workflows are saving hours each week and posting more than double the profit margins of rivals, Xero says.

By Karen Joy Bacudo • 5 min read • Yesterday

Software-as-a-Service

VIVA triples loan originations after LoanPro migration

The lender says cleaner data and more automation cut manual work, helping it scale without hiring servicing staff at the same pace.

By Karen Joy Bacudo • 4 min read • Yesterday

Fintech

Adyen New Zealand lifts fourfold rise in net profit

Stronger finance income and a shift to positive operating cash flow helped the payments firm lift annual net profit to NZD $1.52 million.

By Karen Joy Bacudo • 4 min read • 3 days ago

Taxation

Westcon Group NZ lifts profit despite revenue drop

Lower purchasing costs and stronger finance income lifted Westcon Group NZ's annual profit to NZD $9.8 million, even as sales slipped.

By Karen Joy Bacudo • 3 min read • 3 days ago

IT Industry

Dell New Zealand profit rises despite slight revenue dip

Lower operating costs and foreign exchange gains helped offset softer sales, leaving net profit up to NZD $2.34 million as assets grew.

By Karen Joy Bacudo • 3 min read • 3 days ago

Artificial Intelligence

Pearson lifts half-year profit & reaffirms guidance

Stronger cash generation and a 14% rise in adjusted operating profit left the education publisher confident enough to keep full-year guidance unchanged.

By Karen Joy Bacudo • 4 min read • Last week