Stories by Pattrick
Vodafone NZ reports $121 million annual loss
Thu, 27th Aug 2015
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uc
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telco
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telstra
Falling revenue and a final year of substantial costs for integrating with the Telstra Clear business saw Vodafone NZ turn in a loss of $120.7m.
TeamTalk annual earnings slump 53% in 'tough year'
Thu, 27th Aug 2015
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uc
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fintech
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telco
In a challenging year, TeamTalk's annual profits plummet 53% amid falling sales despite their optimistic outlook for the future.
Wynyard 1H loss widens as sales climb 39%, says stock price doesn't reflect value
Tue, 25th Aug 2015
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wynyard group
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ipo
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sales
The company will launch its new cyber threat analytics software in the second half of 2015, which will deliver significant recurring software revenue.
GeoOp to raise $2.4M in private placement to fund Australian growth, SPP to follow
Tue, 25th Aug 2015
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capital
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nzax
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nzx
GeoOp to raise $2.4m to fund expansion in Australia through private placement to foreign investors, senior management and the board.
Trade Me annual profit flat as increased expenses curb revenue growth
Thu, 20th Aug 2015
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trade me
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expenses
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revenue
Trade Me posted a similar profit for its 2015 financial year to 2014 as increased spending ate into bigger revenues.
Serko cuts revenue forecast for second time
Thu, 20th Aug 2015
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capital
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serko
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expedia
Serko has downgraded its revenue outlook for a second time as a slowing Australian economy weighs and after a number of contracts were delayed.
Datacom topples Spark as NZ's biggest IT services provider
Wed, 19th Aug 2015
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uc
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healthtech
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it services
Datacom, the privately-held IT services firm, surpassed Spark New Zealand as the country's biggest information technology services provider.
Chorus says regulator understates network pricing costs such as trenching
Tue, 18th Aug 2015
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chorus
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commerce commission
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fibre
Chorus has made a further submission to the Commerce Commission ahead of the final determination on pricing of its copper network.
VMob shifts headquarters to the US, seeks main board NZX listing
Wed, 12th Aug 2015
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software development
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nzax
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vmob
VMob, the NZAX-listed mobile technology company, is shifting its headquarters to San Francisco, and raising about $5m in a private share placement.
JB Hi-Fi NZ earnings drop 50% on skinnier margins, flat sales
Mon, 10th Aug 2015
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jb hi-fi
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sales
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retail spending
JB Hi-Fi's New Zealand earnings halved in the latest financial year as the Australian retailer's margins shrank and sales were little changed.
VMob delays planned ASX listing despite reported sales momentum
Tue, 4th Aug 2015
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nzax
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vmob
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sales
VMob says it has delayed a planned listing on the ASX because of on-going commercial negotiations and so management can focus on current sales.
Xero burns through the cash
Tue, 4th Aug 2015
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fintech
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financial systems
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xero
Xero burned through cash at a faster pace in the June quarter as it ramped up spending on rising staff, and marketing costs.
Harmoney founder and CEO Neil Roberts leaves board
Fri, 31st Jul 2015
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peer-to-peer lending
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harmoney
Harmoney's Neil Roberts steps down from board but maintains CEO position amidst company's evolving financial journey.
Govt wants to limit UFB involvement, English says
Wed, 29th Jul 2015
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government
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chorus
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crown fibre holdings
Government fears prolonged involvement in New Zealand's ultra-fast broadband network could distort its value, says Finance Minister Bill English.
Govt wants to limit UFB involvement, wary of stuffing up sector, English says
Fri, 24th Jul 2015
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uc
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government
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telco
The government doesn't want to spend any more money or stay any longer in the build of New Zealand's ultra-fast broadband network.
While you were sleeping: Apple, Microsoft falter
Thu, 23rd Jul 2015
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personal computing devices
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microsoft
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apple
Apple and Microsoft earnings disappoint, raises doubt over tech rally that pushed Nasdaq to new highs #WallStreet.
Xero to double turnover to $200M this year, says CEO Rod Drury
Thu, 23rd Jul 2015
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fintech
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financial systems
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xero
New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016.
The New Zealand Venture Investment Fund breaks even or better from one-in-five exits
Fri, 10th Jul 2015
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new zealand venture investment fund
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startups
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angel investors
Crown's NZ Venture Fund achieves break-even or profits in 21% of exits, aligning with early-stage investment norms, says CEO Banga.
How Kiwi companies can become the new breed of 'exponential organisations'
Thu, 9th Jul 2015
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apm
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healthtech
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software development
The business world has seen the birth of a new breed of company that could tilt the playing field in favour of cash-strapped Kiwi entrepreneurs.
Pushpay revenue climbs as US churches sign up for service
Wed, 8th Jul 2015
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pushpay
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mobile apps
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mobile payment
The mobile payments app developer boosted revenue 39% in Q1 as growth in its US faith-based merchants offset a decline in its SMS business.