Latest It Services Sector News

ASX Compliance has flagged Rent.com.au Limited for a late filing of a director’s interest change, raising questions about the company’s disclosure controls and compliance with listing rules.

K&S Corporation has issued a cautious earnings update, forecasting a significant decline in underlying profit before tax for the first half of 2025 compared to last year.

Atturra Limited reported a robust 24% increase in both revenue and underlying EBITDA for FY25, propelled by its cloud platform, AI innovations, and defence sector contracts. The company forecasts continued momentum into FY26 with ambitious growth targets.

WEB Travel Group has reported a stellar first half of FY26, posting a 22% rise in Total Transaction Value to $3.2 billion alongside strong EBITDA growth, signaling robust momentum ahead of full-year results.

Comms Group has secured a new $10.7 million refinancing package with improved terms, including additional funding capacity for acquisitions and equipment finance. This move aims to enhance financial flexibility and support future growth initiatives.

Bapcor Limited has reshaped its leadership with Lachlan Edwards appointed as Chair and Angus McKay stepping down from the Board to concentrate on turning around the business as CEO.

Jcurve Solutions has updated its revenue recognition policy for its ERP subscription licenses, shifting from point-in-time to over-time recognition, leading to restated FY25 financials and enhanced transparency.

Monash IVF has decisively turned down a non-binding acquisition offer valuing its shares at $0.80, citing significant undervaluation and uncertain financing. The Board signals openness only to proposals that deliver compelling shareholder value.

Infomedia Ltd shares will halt trading following the Supreme Court of NSW's approval of a takeover scheme by a TPG Capital-backed entity. This marks a pivotal moment for the software company as it transitions to private ownership.

Infomedia Ltd’s acquisition by McQueen BidCo, backed by TPG Capital, has been legally approved, triggering trading suspension and scheduled shareholder payments.

The Supreme Court of New South Wales has approved the acquisition of Infomedia Ltd by a TPG-managed entity, setting a clear path for the scheme’s implementation and a special dividend payout.

Webjet Group has received a revised non-binding takeover offer from BGH Capital at A$0.91 per share, up from a previous A$0.80 bid, signaling renewed acquisition interest amid ongoing negotiations.