Financial results stories

The company’s New Zealand branch also received NZ$203,858 in wage subsidies from the New Zealand government during COVID lockdowns in 2020.>>

Zoom’s financial results for the first quarter of 2021 have a total revenue of $956.2 million, up 191% year over year.>>

Travel software company Serko has posted a sharply higher loss as the pandemic grounded much of its business.>>

The company also acknowledges the negative impact of COVID-19 on its operations.>>

It is  a sharp drop from the $3.57 million net profit the company recorded in 2019.>>

"Our ability to rapidly respond and execute drove strong financial results throughout the year.">>

“Even with the unforeseen challenges and circumstances that began in early 2020, Veeam continued its rapid growth with its second consecutive year of bookings over $1 billion.">>

The company made $27.3 million in profit for the year ended June 2020, compared to a loss of $3.8 million the prior year.>>

As a result of the strong showing, the company says it raising its fiscal 2021 subscription revenue guidance to a range of US$3.773 billion to $3.775 billion.>>

The company did not pay out a dividend during the financial year, and does not recommend that one be paid.>>

Meanwhile, NTT New Zealand posted a $16m loss in the year ended 31 March 2020.>>

Toshiba has recently published its annual reports for its Australian and New Zealand operations for the year ended 31 March 2020.>>

Founder and chief executive officer Eric S. Yuan says the world’s shift towards remote solutions and amidst business continuity concerns at the beginning of the year has greatly affected the company’s standing.>>

Strong demand for secure SD-WAN and work-from-home capabilities helped power 18% second quarter revenue growth. >>

Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million.>>

"During Q2’20, Veeam continued to accelerate its business and growth trajectory with our broad ecosystem of partners, and we have maintained a customer-first ethos.">>

“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.”>>

Profit after expenses and income tax totalled $327,438 – up from $219,727 in the year previous.>>

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.>>

The dip in yearly revenue was offset by an 89% increase in operating profit, increasing from $232,344 in FY18 to $440,741 the following year. >>

.After income tax expenses, FY19 profit reached $1.8 million, compared to $1.2 million in the year prior.>>

Google reported a FY19 profit of $8.1 million, a major increase from a $1 million dollar loss in 2018.>>

The company's Cloud business saw huge gains, but the declining business activity in the early months of 2020 was not kind to the retail giant.>>

“Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn’t changed these trends: it has accelerated them.”>>