Cash flow stories - Page 7

Ingram Micro New Zealand's net profit fell 39% to NZ$9.1m in 2024, hurt by softer revenue and tighter margins amid a competitive IT hardware market.

Datacom Group reported steady NZD $1.48 billion revenue for FY25, focusing on AI-driven growth amid challenges in New Zealand and strong Australian contracts.

LG Electronics' NZ business posted a 29.4% rise in profit before tax to $38.5 million in 2024, despite rising operational costs and higher expenses.

Australian businesses are shifting to flexible IT financing to stay agile, preserve cashflow, and keep technology current amidst rapid innovation and economic challenges.

CrowdStrike's Q1 revenue rose 20% to USD $1.10bn with ARR growing 22% to USD $4.44bn, reflecting strong subscription and cash flow performance.

Nearly half of New Zealand's small businesses doubt that the upcoming Government Budget will offer meaningful support, says Prospa NZ survey.

monday.com reports Q1 fiscal 2025 revenue of $282.3m, a 30% rise, with record profits and cash flow boosting confidence in growth prospects.

Ignition launches AutoCollect to help small service businesses automate late payment collection, streamlining invoicing and boosting cash flow management.

Fortinet reported Q1 2025 revenue of USD $1.54bn, up 14%, with strong growth in product and service revenue and a record operating margin.

Dan French of Consider Solutions warns that Agentic AI's risks may outweigh benefits as enterprises rush to adopt autonomous systems amid ongoing scepticism.

The Byte Channel has teamed up with arXanum to launch the Sell To Europe B2B service, easing VAT complexities for Australasian brands targeting European markets.

Amplitude has reported a fourth-quarter revenue of USD $78.1 million, reflecting a 9% rise, while expanding its customer base to 591 clients above USD $100,000 in ARR.

Freshworks has unveiled impressive Q4 results, with revenues reaching USD $194.6 million, marking a 22% increase year-on-year and signalling robust growth.

Cisco Systems New Zealand reports a strong financial year ending 31 July 2024, with net profit soaring 65.4% to NZD 4.94 million despite a slight revenue dip.

Harvey Norman New Zealand reports a 6.1% drop in revenue to NZD $1.05 billion for FY2024, yet maintains profitability with a net profit of NZD $33.4 million.

A Prospa survey reveals many New Zealand SMEs view summer as vital, with 43% expecting better conditions despite economic challenges ahead.

Harvey Norman reports a turnaround with a profit of NZD 9.86 million for the year despite a 10.4% fall in revenue to NZD 62.04 million.

JB Hi-Fi NZ reported a 12.3% revenue increase to NZD $327.9 million for FY2024 but faced significant losses due to rising operating expenses.

Cisco Australia has reported a mixed fiscal performance for 2024, with revenue down to AUD $2,274.9 million but service revenue up by 8.1%.

Zoom Communications has reported a 3.6% increase in revenue for Q3 2025, reaching USD $1,177.5 million, while key AI innovations drive user growth.