Financial Year (FY) stories

Harvey Norman reports a turnaround with a profit of NZD 9.86 million for the year despite a 10.4% fall in revenue to NZD 62.04 million.

The City of Tea Tree Gully Council has adopted TechnologyOne's Property & Rating platform, streamlining processes and enhancing efficiency across operations.

Seeing Machines forecasts FY2024 revenue at USD $67.6 million, a 17% increase from FY2023. With significant OEM wins and 2.2M cars featuring its tech, it aims for cash flow break-even by FY2025.

Retailers are gearing up for the new financial year with increased investments in cyber security, personalisation, and artificial intelligence to boost growth.

SenSen Networks posts record Q4 and FY24 results with AUD $4.0 million in quarterly customer cash receipts, a 23% increase, as it exits the Gaming market.

With the end of the financial year nearing, Australian businesses are warned of rising cyber threats, including AI-driven attacks, tax scams and ransomware.

Experts are urging change in digital investments to balance costs and ensure security, as Australian firms are facing economic hurdles and rising cyber threats.

Ricoh Australia has unveiled its first Reconciliation Action Plan to boost awareness, employment, and opportunities for Aboriginal and Torres Strait Islander peoples.

Telstra's restructure could lead to up to 2,800 job losses as the company aims to streamline operations and support its long-term investment in technology and infrastructure.

Jade Software Corporation reports a 12.4% increase in annual revenue to NZD $45.7m, while total comprehensive income surged by 271.5% in 2023.

Samsung Electronics New Zealand sees a 37.4% rise in net profit for the year 2023 despite a slight drop in revenue and cash equivalents.

If implementing automation technology is on your agenda for the new financial year, it pays to do it properly.

Cybersecurity giant, Exclusive Networks, unveils plans to fully acquire channel services firm, NEXTGEN Group, boosting its market presence across the Asia-Pacific region.

Despite advances towards gender equality, female entrepreneurs worldwide, especially in Australia, continue to grapple with stark funding disparities, receiving notably less venture capital.

Empowering credit control teams with automation technology and a proactive involvement in strategy could fuel profitable growth for businesses in 2024, despite a gloomy economic outlook.

Trade businesses can eliminate the stressful end-of-financial-year tax rush by adopting digital job management platforms which streamline transactions and paperwork.

Symmetry, a Bristol-based cloud accounting software provider, plans to accelerate growth in 2024 by targeting new business sectors and expanding its use of machine learning.

Whispir has launched two new innovative products, Whispir Transact and Whispir Off-Platform Messaging, to enhance its platform.

JB Hi-Fi New Zealand has released its latest financial report detailing its finances as of 30th June 2023, audited by international firm Deloitte.

Talent strengthens its presence in New Zealand with the acquisition of People&Co, paving the way for expansion in recruitment and consultancy business.