ChannelLife New Zealand - Industry insider news for technology resellers

Financial results stories

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GE Vernova lifts guidance as orders & profit surge

Today
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GE Vernova reports stronger first-quarter orders, profit and cash generation, with Power and Electrification driving a bigger backlog and improved outlook.
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ServiceNow & Google Cloud widen AI agent partnership

Today
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ServiceNow and Google Cloud deepen AI tie-up as quarterly subscription revenue rises 19% and guidance is lifted after strong contract wins.
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Tech Mahindra posts higher FY26 revenue & record dividend

Yesterday
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Tech Mahindra lifts FY26 revenue and EBIT, while record dividend, strong deal wins and 10th straight quarter of margin expansion signal turnaround gains.
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Pinewood lifts revenue as US dealership testing starts

2 days ago
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Pinewood boosts annual revenue and EBITDA as testing begins at Lithia's US dealerships, with cash rising and medium-term growth targets intact.
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Forrester warns AI marketing spend lacks business impact

2 days ago
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Forrester says most firms cannot show AI marketing spend is lifting revenue or profit, as buyers rely on generative search and AI agents.
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Snom reports growth in key markets & product range

Last week
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Snom sees renewed momentum in Iberia and Asia-Pacific as it broadens its product line-up, deepens partner ties and steadies trading elsewhere.
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Sidetrade launches AI-native plan with three new products

This month
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Sidetrade sets out a four-year push into AI-driven order-to-cash, with three new products due in 2026 and a shift towards usage-linked revenue.
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AI prompts clients to question expert fees, report finds

This month
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One in three firms say clients now think AI can do expert work in-house, raising pricing pressure for agencies and consultancies.
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HP NZ books higher FY2025 earnings, stronger cash position

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Hewlett-Packard New Zealand posts stronger FY2025 earnings, with cash flow turning positive and receivables swelling alongside modest sales growth.
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Geotab report shows fleets cut fuel waste with data

Last month
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Geotab report shows fleets cut fuel waste by 30% as telematics help businesses slash idling, emissions and costs across global operations.
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Milestone lifts revenue 10% as AI push gathers pace

Last month
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Milestone Systems lifts 2025 revenue 10% to USD $340 million as research spending rises and Project Hafnia and NVIDIA tie-up deepen AI ambitions.
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Xero signs Claude deal for small business finance tools

Last month
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Xero to embed Anthropic's Claude across accounting tools as JAX gains automation for cash flow, invoices and scenario analysis.
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Milestone revenue rises to DKK 2.2bn on AI expansion

Last month
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Milestone lifts 2025 revenue 10% to DKK 2.2bn as AI-led acquisitions, Nvidia tie-up and higher R&D spend drive intelligent video push.
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Revolut posts USD $2.3b profit, 99% NZ revenue growth

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Revolut's 2025 results show surging customer balances, stronger transaction volumes and rapid New Zealand growth as it expands its banking reach.
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Synnex New Zealand lifts profit as revenue barely grows

Last month
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Synnex New Zealand lifts annual profit to NZD $2.49 million on stronger margins, despite minimal revenue growth and weaker cash flow.
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UK law firms lead AI use for time savings & profit

Last month
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UK legal professionals emerge as global AI leaders, with 62% regular users and strong training seen as key to boosting profitability.
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Australian law firms lag peers on legal AI adoption

Last month
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Australian law firms trail global peers on legal AI use, risking missed productivity gains despite mounting pressure on profitability.
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SenSen expands AI parking enforcement across Ontario

Last month
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SenSen rolls out AI-powered parking enforcement across Ontario, as Toronto and nearby cities report big gains in safety and efficiency.
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saas.group tops USD $100m ARR as AI drives next phase

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saas.group surpasses USD $100m ARR as it doubles down on AI-led upgrades and fresh acquisitions across its 25-plus software brands.
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ConnectWise unit maps IT pay trends, automation push

Last month
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Service Leadership's 2026 IT pay report links eased wage inflation and new 'Digital Worker' automation metrics to profitability for providers.