TechnologyOne, Australia’s largest ERP Software as a Service (SaaS) company, announced Tuesday its financial results for the year ended 30 September 2020, showing continuing growth with Underlying Profit up 13 per cent on the prior year, underpinned by the continuing fast growth of the TechnologyOne Global SaaS ERP solution. Revenue

Alibaba’s cloud division grew 60 per cent in the quarter and now claims a bigger market share than enterprise stalwart IBM. But despite other strong financial results posted overnight, stock price of Chinese tech giant Alibaba fell as concerns about delays to the IPO of its finance arm, Ant Group,

Amazon sold nearly US$100 billion worth of products last quarter as millions of people relied on the ecommece giant during lockdowns. The increased online activity also drove a 51 per cent jump in ad revenue for Amazon. In Q3 results reported late last week, Amazon confirmed its business has continued


Google parent company Alphabet’s share price jumped on Friday when it released financial results that crushed analysts expectations, including a return of advertising dollars that had dipped for the first time during the pandemic. For the quarter ending September 30 the advertising and search giant reported more than US$37 billion

Facebook’s active users in North America declined last quarter and the company expects the trend to extend to other regions in the future as COVID-19 stay at home orders lift. The tech giant also expects more ad targeting and measurement “headwinds” in 2021 as Apple readies its new anti tracking

Microsoft revenue jumped 12 per cent last quarter, buoyed by software, gaming and cloud services. Search and advertising revenue continues to fall for Microsoft, however, as it too struggles with a weaker media market. Overall the tech giant posted record profits of US$13.9 billion in the three months ended September

alibaba office china

Alibaba’s revenue increased 40 per cent from the prior year to US$16.6 billion in its first quarterly earnings report since founder Jack Ma stepped down as executive chairman.  Annual active consumers on its China retail marketplaces hit 693 million, a 19 million increase from the prior quarter. It’s mobile monthly

Alphabet, Google’s parent company, released Q3 results today showing its revenue and operating income growing from the prior year but net income falling.  Analysts are blaming Google’s investment in cloud computing for the drop in net income. The company has been building data centres, buying equipment, and hiring various staff

Amazon Prime

Amazon has reeled in a US$3.56 billion net income for Q1 2019, the highest profit it has made for a quarter and double the US$1.6 billion it made a year earlier. The online giant also announced it is cutting down its shipping time with its Prime members able to receive

Apple reported quarterly revenues of $US37.4 billion and profits of $US7.7 billion. Strong iPhone 6 sales helped boost the result and, in a sign of the resilience of its mobile ecosystem, App Store downloads surged from 60 billion a year ago to 85 billion now. According to CEO Tim Cook