Latest Technology News

Akamai is seeking up to US$2.5 billion through convertible notes while temporarily loosening its leverage covenant and preparing for a US$1.15 billion debt maturity in 2027. The financing is also aimed at funding expansion of its Cloud Infrastructure Services business, but final pricing and potential dilution remain unresolved.

DUG Technology has secured a four-year, US$33.7 million contract to provide hosted high-performance computing infrastructure and software to an undisclosed national oil company. The infrastructure is already operational, allowing work to begin immediately.

Codan will acquire US mission-critical recording specialist Eventide Communications for about A$244 million, adding evidence capture and AI analytics to Zetron’s command-and-control software. The deal is expected to be mid-single-digit EPS accretive in its first full year, including synergies, but will also add debt and integration costs.

Nodestream has appointed voluntary administrators to assess a sale or recapitalisation, while the ASX has suspended its shares over concerns about the company’s financial condition. The stock will remain suspended until the exchange is satisfied that listing requirements are met.

X2M Connect has lodged a prospectus for a $3.6 million non-renounceable entitlement offer, with shareholders offered discounted shares, options and bonus shares. The raise is intended to fund technology and data centre initiatives, but the offer is not underwritten and the company warns that failure to complete it would create significant uncertainty over its ability to continue as a going concern.

Axon delivered record third-quarter revenue and a return to GAAP profitability, but committed US$1.2 billion to deepen its Skydio stake as delayed federal drone deployments lowered its 2026 outlook. Software growth remains strong, while inventory investment and higher debt weigh on cash generation.

Akamai delivered solid third-quarter revenue growth, led by a 34% jump in Cloud Infrastructure Services, but profitability and margins declined. The company is now projecting a sharp acceleration in 2027 and revenue above US$7 billion in 2028.

Airbnb delivered a stronger third quarter, with revenue, bookings and profitability all accelerating, while lifting its full-year 2026 outlook and authorising a further US$12 billion share repurchase program. The company is also positioning AI, hotels and travel services as the next leg of growth.

Locate Technologies has arranged A$3.0 million of drawn senior debt and a A$1.0 million convertible note to repay its PURE Asset Management facility ahead of maturity. The refinancing removes the immediate repayment deadline, but leaves the company with substantial interest costs and potential equity dilution.

Verisk delivered stronger underlying growth in the third quarter, with organic constant-currency revenue up 7.4% and adjusted EPS rising 14%. But free cash flow fell sharply, while the company continued an aggressive share-repurchase program and kept its 2026 guidance unchanged.

Pathkey.AI has presented Chipforge as a functioning end-to-end AI platform for chip design, backed by independent testing, benchmark comparisons and a first proof-of-value contract. The harder test now is converting that engineering progress into recurring revenue before its A$5.8 million cash balance becomes a constraint.

Oracle has completed a sizeable capital raising combining US$10 billion of notes with the issue of 86.2 million common shares. The company has not yet specified how the proceeds will be divided between investment, debt repayment, acquisitions, dividends or buybacks.