CFOtech Asia - Technology news for CFOs & financial decision-makers

Stories by Pattrick - Page 45

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Trade Me annual profit rises but warns of slower growth in 2014
Wed, 21st Aug 2013
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inventory management systems
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trade me
Trade Me's profit climbs to $78.6m but eyes a slower 2014 as it focuses on reinvestment, despite a strong online market presence.
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Adams approves copper prices to underpin fibre plans
Wed, 7th Aug 2013
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broadband
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government
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chorus
Adams proposes using copper prices to support NZ's leap to fibre broadband, aiming for a modern, competitive services landscape.
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Chorus bags $250m bank facility
Mon, 5th Aug 2013
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chorus
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banking
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ndi
Chorus, the telecommunications network operator, has signed up to a new $250 million banking facility that will use to push out its debt maturity.
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Xero adds 36k customers... predicts 80% sales rise
Fri, 2nd Aug 2013
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accounting systems
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digital banking
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xero
Cloud-based accounting software firm added 36,000 customers since the end of March and is predicting an 80 percent pickup in annual sales as it contin.
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Rakon's Robinson brothers to sell shares following breach
Thu, 1st Aug 2013
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rakon
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shares
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shareholders
Rakon managing director Brent Robinson and his brother and executive director Darren Robinson agree to sell some 493,000 recently purchased shares each after the transactions breached the Takeovers Code.
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Business confidence rises high up in the NZ sky
Thu, 1st Aug 2013
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nz
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ict
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business confidence
New Zealand business confidence rose to its highest in more than 14 years in July amid signs of a broader economic expansion.
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Xero’s burns cash as costs to grow run ahead of sales
Wed, 31st Jul 2013
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accounting systems
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digital banking
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xero
Cloud-based accounting firm burned through more cash last quarter as the company's rapid expansion saw wages, advertising and marketing payments run a.
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Rakon writes off $32 million on investment
Fri, 5th Jul 2013
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rakon
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investment
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nz
The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.
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Drury’s paper fortune hits $388m as Xero cracks $2bn market cap
Fri, 5th Jul 2013
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accounting systems
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digital banking
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xero
Cloud-based accounting software firm has doubled its market capitalisation in just four months, rising above $2 billion today, having still to turn a.
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Earnings turn positive for 2degrees
Wed, 3rd Jul 2013
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telco
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vodafone
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ndi
2degrees posts its first positive EBITDA of $4.4m, signalling a strong market position against rivals after 3 years of losses.
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IT issue halts NZX trading
Mon, 1st Jul 2013
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nzx
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stock exchange
NZX trading halted due to an IT issue, marking the second major outage this year as investigations are underway.
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Citrix buys Wellington’s Beetil for $4.5m cash
Wed, 12th Jun 2013
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contact centre
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virtualisation
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daas
Citrix Systems NZ acquires Wellington-based Beetil for $4.5m, expanding its IT support services and integrating Beetil's proficient team.
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TeamTalk cuts annual earnings guidance
Fri, 7th Jun 2013
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citylink
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teamtalk
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ndi
TeamTalk cuts earnings guidance for a second time after acquiring Farmside Group, resulting in a slower transition and lower earnings.
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Wynyard seeks up to $70M to buy IP from Jade
Fri, 7th Jun 2013
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nzx
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wynyard group
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ndi
Wynyard Group aims to raise up to $70M in a stock exchange listing to buy its IP from Jade Software and fuel growth.
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Novopay costs blew out as Talent2 and ministry ‘overwhelmed’
Wed, 5th Jun 2013
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payroll systems
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government
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novopay
Unpreparedness at Talent2 and the Ministry of Education leads to costly Novopay errors, casting a shadow over the state's project management.
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Xero becomes highest price local stock on NZX
Wed, 5th Jun 2013
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accounting systems
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digital banking
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xero
Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, hav.
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Xero chair and COO book million-dollar paydays
Mon, 3rd Jun 2013
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accounting systems
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digital banking
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xero
Xero chairman Sam Knowles and COO Alastair Grigg cashed in some of their shares after a 'black-out' period ended when the company reported its annual.
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Govt mulls cyber security awareness advisory group
Tue, 28th May 2013
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cybersecurity
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government
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ndi
Govt ponders creating a cyber security group to bolster public defences against rising web crimes, signifying a proactive approach to online safety.
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Rapid customer growth for Xero with continued financial losses
Fri, 24th May 2013
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accounting systems
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digital banking
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xero
Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying custome.
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Rakon plunges deeper into the red
Thu, 23rd May 2013
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rakon
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banking
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ndi
Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.
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9 quarters of Vodafone NZ losing customers
Wed, 22nd May 2013
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telco
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vodafone
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africa
Vodafone lost a net 7,000 mobile customers in the first three months of the year, its ninth straight quarterly decline.
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Vodafone NZ’s general counsel Kreider keep $541k salary
Fri, 17th May 2013
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nz
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telstraclear
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telco
Vodafone New Zealand's general counsel David Kreider retains his $541,000 a year job despite restructuring.
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Telecom’s Gen-i slims down with Davanti sale to management
Thu, 16th May 2013
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telco
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gen-i
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ndi
Telecom's Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit.
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Telecom earnings to be at bottom end of guidance
Thu, 16th May 2013
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telco
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gen-i
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ndi
Telecom said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit.