Financial Year (FY) stories

Snom sees renewed momentum in Iberia and Asia-Pacific as it broadens its product line-up, deepens partner ties and steadies trading elsewhere.

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

Synnex New Zealand lifts annual profit to NZD $2.49 million on stronger margins, despite minimal revenue growth and weaker cash flow.

Xero unveils an automated year-end workflow for NZ accountants, cutting manual rollovers and sharpening reconciliation and client reviews.

Xero launches a checklist-style year-end workflow to help small firms reconcile accounts, manage documents and cut adviser workload.

Westcon-Comstor launches a New Zealand data centre Centre of Excellence, led by Rob Purdy, to drive multi-vendor, solutions-first channel sales.

Cisco Systems Capital's New Zealand branch lifted profit in FY2025, supported by lower costs, currency gains and higher assets.

Harvey Norman Limited's New Zealand branch reported a sharp lift in profit, driven by higher domestic property valuations and modest revenue growth.

FedEx says its Asia Pacific operations delivered USD $5.7 billion in economic impact in 2025 as it ramps up routes, tech and green investments.

Cohesity wins Cisco SolutionsPlus top partner award for 2025, recognised for growth, innovation and joint data protection and AI solutions.

Westcon-Comstor's H1 sales rise 9.8% to USD $2.78bn, driven by 16% growth in cybersecurity and a focus on recurring revenue streams.

Sony Interactive Entertainment New Zealand reported a rise in annual profit to NZD $1.22 million despite lower cash reserves and increased costs in 2025.

Goodman Group's FY25 operating profit rose 13% to AUD $2.3 billion, driven by booming data centre developments and strategic site acquisitions.

Blackpearl has acquired US AI firm B2B Rocket, boosting its annual recurring revenue to NZD $17.5m as it targets the US small and medium business sector.

Westcon's FY2025 revenue rose to NZD $818.7m, but net profit fell 24% to NZD $4.8m amid higher costs and lower software sales.

Schneider Electric IT Australia's New Zealand branch posted a 37.7% revenue rise to NZ$21.73m in 2024, driven by maintenance and equipment sales growth.

Panasonic New Zealand reports a net loss of NZD $4.57 million for 2025, hit by a 25% revenue drop and rising costs, reversing last year's profit of NZD $1.67 million.

Ingram Micro New Zealand's net profit fell 39% to NZ$9.1m in 2024, hurt by softer revenue and tighter margins amid a competitive IT hardware market.

Australian exporters using outdated tax software risk fines and delays; adopting AI-infused compliance tech in FY2026 offers speed and accuracy benefits.

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.