Latest It Services News

OpenLearning Limited reports a strong Q3 FY25 with SaaS ARR up 27% year-on-year and a successful $2.6 million capital raise, positioning the company for cash flow breakeven within 18 months.

Beam Communications reported a robust Q1FY26 with revenue doubling quarter-on-quarter and cash reserves more than doubling, yet ongoing arbitration over its Zoleo divestment casts a shadow on its capital return plans.

One Click Group reported a robust September quarter with $1.6 million positive operating cash flow and 27% revenue growth, fueled by strong user acquisition and a new cash advance product rollout.

MLG Oz Limited has appointed COO Mark Hatfield as Acting CEO following the temporary leave of CEO Murray Leahy, ensuring leadership continuity in its mining services operations.

Nuix Limited has appointed John Ruthven as interim CEO following Jonathan Rubinsztein's departure, initiating a 12-month leadership transition period.

Netwealth has lodged a formal application for government financial assistance following a $101 million exposure linked to alleged fraud in the First Guardian Master Fund, impacting over a thousand members.

OFX Group reports solid progress in migrating corporate clients to its new platform, OFX 2.0, despite a decline in net operating income driven by macroeconomic uncertainty. The fintech’s strategic product launches and client growth signal potential for recovery.

Activeport Group has integrated NBN circuit provisioning into its Global Edge platform, extending national coverage across Australia and improving gross margins by 25% on $1.9 million annual revenue.

Adavale Resources has appointed industry veteran David Ward as Managing Director to spearhead exploration and drilling at its flagship Parkes Gold-Copper Project, aiming to unlock significant value in one of Australia’s richest mineral provinces.

Streamplay’s subsidiary Noodlecake Studios has two titles featured in Amazon Luna’s new GameNight launch, generating A$825,000 to date and positioning the company for recurring revenue in cloud gaming.

Bega Cheese Limited reported robust FY2025 results marked by strategic site consolidations, innovation-led growth, and a strong financial position, setting the stage for an optimistic FY2026.

Golden State Mining Limited has raised $1.5 million through a two-tranche placement to fund its Western Australian gold projects, while welcoming a new director and preparing for its Managing Director's departure.