Financials news stories
Finance sector's tolerance of poor cloud connectivity costly
The “resilience paradox” suggests that financial institutions have come to tolerate poor cloud connectivity experiences.
Microsoft Q3 earnings results reveal cloud spending boom
Microsoft Corp. has released its Q3 earnings results, revealing a significant revenue increase attributed to growing demands for cloud services.
BlackLine launches Modern Accounting Playbook in APAC
The solution package is based on notable practices and aims to help companies get up and running on BlackLine's accounting automation platform.
CrowdStrike fourth quarter and fiscal year 2022 financial results
Global cybersecurity company CrowdStrike has announced financial results for the fourth quarter and fiscal year 2022.
Sustainability improves bottom line for 44% of organisations
Enhanced efficiency, innovation and revenue growth are amongst the top benefits of sustainability initiatives.
Increased demand for cybersecurity drives Fortinet revenue growth
Fortinet has released its fourth quarter and full year 2021 financial results, showing total revenue of US$963.6 million, up 29 per cent year over year.
40% of orgs to embed sustainability into operations by 2024 - IDC releases top predictions
Strong financial outcomes and sustainability focused leadership is required for long term impact, according to a new report from IDC.
Only 11% of global execs see significant financial benefits from AI initiatives
"Most companies still have a long way to go to generate substantial financial benefits with AI."
Finance sector vulnerable to rising cyberattacks
“The finance sector is a lucrative target for cybercriminals given the wealth of data it possesses.
Cybercriminals influencing financial markets, report finds
The financial sector is being targeted by cybercrime cartels and nation-states, and the bank heist has evolved significantly — from a heist to a hostage situation.
2020 sees a global shift in financial malware threats
The financial threat landscape experienced a game-changing pandemic year, according to a new report from Kaspersky.
Tech companies need better financial controls to overcome growing revenue challenges
"Today's volatile and constantly changing channel environment places even greater competitive pressure on high tech companies."
Mergers and Acquisitions
COVID-19 causes significant jump in enterprise software acquisitions
The total transaction value disclosed across all deals in the space was also significant, reaching $112 billion - the highest amount on record.
Mergers and Acquisitions
NEC snaps up Avaloq, moves further into digital finance field
According to a statement, the acquisition is designed to bring together their shared vision, technological strengths, and global presence, to accelerate both companies' long-term growth, global expansion and value creation strategy.
Why automating the finance function is critical for future growth
As well as continually struggling with tedious workflows and manual processing, many finance professionals are still finding it a challenge to complete their month-end close. This is where software can help, writes BlackLine regional vice president for A/NZ Claudia Pirko.
Ingram Micro NZ Holdings post FY 19 financials
“With a broad range of products and services and diverse range of partners, the company expects to mitigate downside risks to profitability. The company has sound liquidity with no external debt.”
Synnex posts mild revenue drop, but profits increase
Profit after expenses and income tax totalled $327,438 – up from $219,727 in the year previous.
LG's NZ branch posts promising FY19 results
LG's New Zealand branch has reported an increase in total revenue, but a decrease in net profit in the company's financial results for 2019.
CEOs responsible for financial errors, not CFOs - research
Chief executives are being looked at to take accountability for errors in financial reporting, according to a new global survey.
Fortinet delivers dominant Q1 2020 financial results
The cybersecurity company saw gains in almost every category for its financial results of the first quarter of the year.
BlackLine launches remote audit solution for businesses impacted by COVID-19
“With unprecedented uncertainty facing many organisations today, it's more challenging than ever for F&A to deliver an accurate picture of a company’s financial health."
Financial organisations leading the way for hybrid cloud, Nutanix finds
“As Australia and New Zealand’s financial industry adapts to pressure from fintechs and bank disruptors and increasing regulation requirements, the time to innovate is now.”
RingCentral reveals strong financial results for Q4
The company reached its goal of $1 billion annual revenue, according to figures.
Apple NZ profit drops 22%; revenue drops 8.6%
Apple has released its New Zealand annual financial statements to the year ended 28 September 2019, with a 22% dip in profit year-over-year.