Company reported profit of A$3.8 million for FY2025, up from A$2.0 million the previous year SYDNE: Engineering services firm Verbrec Ltd. (ASX: VBC) has posted its strongest financial performance in over a decade, reporting a comprehensive profit of A$3.8 million for FY2025, up from A$2.0 million the previous year. The company also reinstated its dividend…
Motio posts strong FY25 results, eyes expansion and innovation
Company recorded revenue of A$9.38 million and a cash EBITDA of A$1.94 million SYDNEY: Australian place-based media company Motio Ltd. reported a 30% year-on-year revenue increase for fiscal year 2025, driven by organic growth and strategic divestments, according to its annual results presentation released Monday. Motio posted revenue of A$9.38 million and a cash EBITDA…
Wall Street pulls back ahead of long weekend despite S&P 500 record
NEW YORK: U.S. stocks retreated Friday as investors locked in profits heading into a long weekend, following a record-setting week for the S&P 500 and strong earnings from Nvidia. The pullback came amid fresh inflation data that signaled persistent pricing pressures. The S&P 500 fell 0.7%, while the Nasdaq Composite dropped 1.2%. The Dow Jones…
John Wood Group to sell North America T&D business to Qualus for $110 million
LONDON: John Wood Group PLC (Wood) said on Friday it has agreed to sell its North American Transmission & Distribution (T&D) engineering business to Qualus LLC and 2737813 Alberta Ltd for $110 million in cash, as part of its ongoing disposal programme targeting non-core assets. The transaction, expected to close in the third or fourth…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
S&P 500 hits record as Nvidia earnings fuel AI optimism
NEW YORK: The S&P 500 climbed to a fresh intraday record Thursday as investors digested Nvidia’s latest earnings report, which reinforced enthusiasm for artificial intelligence and lifted sentiment across the broader market. The benchmark index rose 0.2%, while the tech-heavy Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average hovered near the flatline. Nvidia, which…
Swedbank to acquire Barclays’ stake in Entercard, forming largest Nordic card business
STOCKHOLM: Swedbank said on Thursday it has agreed to acquire Barclays’ 50% stake in Entercard, making the Nordic credit company a wholly owned subsidiary and forming what it called the largest card business in the Nordics and Baltics. The deal marks the end of a two-decade partnership between Swedbank and Barclays, which co-founded Entercard in…
Nvidia reports strong revenue, earnings as AI demand persists
SAN FRANCISCO: Nvidia reported better-than-expected earnings and revenue on Wednesday, signaling to Wall Street that the demand for artificial intelligence infrastructure remains robust, despite a slowdown in its key data center segment. The company’s stock, which has seen a 35% increase this year after nearly tripling in 2024, slipped in extended trading after data center…
Accenture to acquire NeuraFlash, expanding gen AI and salesforce capabilities
NEW YORK: Accenture (NYSE: ACN) said Thursday it has agreed to acquire NeuraFlash, a leading Salesforce and generative AI consulting firm, in a move to bolster its agentic AI and managed services offerings and expand its reach into mid-market industries globally. Based in Burlington, Massachusetts, NeuraFlash specializes in deploying agentic solutions across sales, service, and…
UserEvidence acquires Zealot, secures $7 million funding to advance customer advocacy platform
SAN FRANCISCO: UserEvidence, a leading customer evidence platform for go-to-market (GTM) teams, announced Thursday it has acquired Zealot, a fast-growing advocacy and reference management startup. The acquisition coincides with a $7 million funding round led by existing investors, bringing UserEvidence’s total funding to $21 million. The move marks a strategic expansion of UserEvidence’s capabilities, enabling…
CrowdStrike to acquire Onum in push to advance AI-powered SIEM capabilities
AUSTIN: CrowdStrike Holdings Inc (NASDAQ: CRWD) said on Wednesday it will acquire Madrid-based startup Onum, a specialist in real-time telemetry pipeline management, in a move aimed at enhancing its Falcon® Next-Gen SIEM platform and accelerating autonomous cybersecurity capabilities. The deal, valued at approximately $290 million, marks CrowdStrike’s latest strategic acquisition as it seeks to eliminate…
Comms Group delivers FY25 results at top end of guidance, eyes $75 million revenue run-rate
The company posted operating revenue of A$56.6 million and underlying EBITDA of A$5.7 million SYDNEY: Comms Group Ltd. (ASX: CCG), a global telecommunications and IT services provider, reported full-year FY25 results at the upper end of its guidance range, driven by record annual recurring revenue (ARR) wins and strategic expansion. The company posted operating revenue…