Financial results stories - Page 24

New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016.

The overall profit for the year minus expenses and costs came in at $1,714,806, a sizeable increase from $1,062,732.

The video conferencing equipment market experienced a decrease in revenue in 1Q15 but is expected to grow as video remains a high priority.

Empired has upgraded its revenue expectations for 2015 and 2016 on the back of contract success and rapid expansion across Australia and New Zealand.

Red Hat's financial results for the quarter ended May 31 reveals strong revenue growth driven by demand for the vendor's hybrid cloud technologies.

AudioCodes has announced its revenues for the second quarter of 2015 are anticipated to be lower than previously estimated.

Rakon returns to profit with a USD $3.2 million net gain after closing its UK plant and shifting production to India and NZ, despite doubling its debt.

N. Robert Hammer says Commvault achieved record full year revenue and operating cash flows in 2015 despite significant foreign exchange headwinds.

Microsoft has experienced significant revenue growth for the year ended March 31, 2015, largely due to the success of its cloud services.

Amazon has increased its operating cash flow by nearly 50% to $7.84 billion in the past 12 months, and says AWS is a significant reason for this.

US corporate earnings will take centre stage in the coming days with companies such as JPMorgan Chase, Wells Fargo, Johnson & Johnson and Intel report.

The Federal Open Market Committee's minutes of its March 17-18 meeting showed several members favoured raising US interest rates in June.

Fliway Group's stocks dip 2.6% post-IPO, despite a bright start on NZX. Investors weigh tepid demand against dividend prospects.

New Zealand Rugby's annual profit dropped about 86 percent as the national sports administrator's costs grew faster than its income.

Mainfreight anticipates up to a 7.1% profit increase, driven by revenues surpassing USD $2 billion, while honouring the legacy of former chairman Don Rowlands.

Bolstered by the increasing propensity for malicious attacks, the security appliance market has experienced double-digit shipment growth and 8.6% reve.

Dell has announced its channel represents more than 40% of its global revenue, and this year it is focused on upping the ante with partner incentives.

New Zealand's wholesale trade grew for a third quarter in the final three months of 2014, with increased activity for apparel, pharmaceuticals and fur.

AsureQuality, the state-owned food-testing company, posted a 5 percent drop in first-half profit, reflecting higher operating costs to develop future.

The success of the Australian operations of Ingram Micro have received special mention from the distributor's global chief executive Alain Monié.