Latest Accounting Software News

Xero Limited reported a robust first half of FY26 with 20% revenue growth and strong cash generation, driven by sustained momentum across its core markets and the strategic Melio acquisition expanding its US footprint.

OFX Group reported a 5.6% decline in net operating income for 1H26 amid macroeconomic challenges but showcased strong progress in its OFX 2.0 platform transition and strategic investments aimed at long-term growth.

Platformo Ltd’s Biztrak software business experienced a 30% revenue decline in Q3 2025 due to deferred demand following changes to Malaysia’s e-invoicing compliance timeline. Despite this, the company maintained strong cash reserves and advanced key product enhancements.

Platformo Ltd reported a 38% revenue increase driven by its Malaysian software arm Biztrak, alongside a modest improvement in its half-year loss. The company continues to navigate regulatory shifts and product enhancements in a competitive software market.

Platformo Ltd’s Biztrak business reported a robust 41% revenue increase in the June 2025 quarter, driven by software enhancements and training tied to Malaysia’s evolving e-invoicing regulations. The company also tightened cost controls, reducing net cash outflow while preparing for upcoming compliance deadlines.

Cape Range Ltd’s Malaysian software arm Biztrak delivered robust 29% revenue growth in Q1 2025, driven by e-invoicing initiatives, even as a planned rights issue was cancelled due to shareholder withdrawal amid market volatility.

Reckon Limited posted a modest revenue increase to $54.1 million for FY2024, yet net profit declined by 25.7%, reflecting margin pressures despite operational gains. The company also announced a strategic acquisition aimed at bolstering future growth.

Cape Range Ltd reports a robust 23% revenue increase in its Biztrak software business for the December 2024 quarter, alongside a 68% surge in cash receipts, while investing in strategic corporate initiatives to fuel future growth.