Financial Year (FY) stories - Page 5

Rakon has advised employees of its UK subsidiary Rakon UK Limited, of its intent to enter consultation for a proposed closure of its British plant.

In 2013, Silver Peak reached record sales driven by surging demand for its virtualised software products, replacing competitors like Riverbed Steelhead.

The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.

The company’s financial year ends with fourth quarter revenues almost doubling, increasing 94% year-on-year to over $980k.

Telcoinabox invests USD $2 million to centralise its support operations in Sydney, aiming for a 25% increase in service providers and greater efficiency.

Fuji Xerox has named its New Zealand branch its top performer, transforming a previous loss into a USD $7.5 million profit and achieving record revenues.

Microsoft revamps NZ Partner Awards, expanding categories to better recognise excellence, with aims to propel local partners onto the global stage.

Christchurch's Enable Networks, funded by the city council, reports its first profit of NZD $1.36 million amid soaring demand for its fibre services.

SmartPay acquires ETHOS system from Cadmus Developments, allowing total control over product development, with the deal valued at up to USD $7 million.