Telecoms market downturn pushes Rakon deeper into the red
NZX listed electronics manufacturer Rakon has reported an after tax loss for FY2017 of $13.6m compared to a loss of $1.6m for FY2016 following a 16 percent drop in revenues to $94.7m.
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Jade Software getting closer to profitability
Christchurch based Jade Software has reported a 24 percent rise in revenues for 2016, after reporting zero revenue growth in 2015. It cut net loss before tax to $0.6m after reporting a loss of $3.2m in 2015.
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Pushpay on track for ACMR target
New Zealand Stock Exchange listed mobile payments company, Pushpay — whose main business is facilitating donations to churches in the US via a mobile app — has reported increased losses for the year to 31 March but says its focus is to continue to invest to grow the business.
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NZ companies’ digital transformation priorities all wrong, says PwC
PricewaterhouseCoopers says New Zealand companies have their priorities all wrong as they seek to implement digital transformation.
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Mobile operators to face global revenue decline for first time: Ovum
As growth slows and average revenue per user (ARPU) continues to decline over the next five years, mobile operators will need to prioritise innovation in services, tariffs, business models, network operations, and partnerships as revenue-generating strategies, according to Ovum.