Latest It Services News

AVITA Medical reported a 21% increase in Q2 commercial revenue to $18.4 million and narrowed its net loss, yet faces a reimbursement hurdle that forced a downward revision of full-year guidance. The company highlights clinical progress and strategic board appointments as it navigates payment challenges.

Block, Inc. reported a 2% decline in net revenue for Q2 2025, driven by lower bitcoin revenue despite growth in transaction and subscription services. The company posted strong net income and continued its $4 billion share repurchase program.

Domain Holdings Australia Limited shares are suspended from ASX trading following Supreme Court approval of its acquisition by Andromeda Australia SubCo Pty Limited. This marks a pivotal shift for the online real estate services company.

Sequoia Financial Group reports robust FY25 growth with improved margins and a fully franked dividend, while navigating regulatory scrutiny and governance reforms.

Domain Holdings Australia has announced an unconditional special dividend following the Supreme Court of New South Wales' approval of its acquisition scheme by CoStar Group. The dividend will be paid in mid-August, marking a key milestone in the takeover process.

Domain Holdings Australia’s acquisition by CoStar Group has been approved by the Supreme Court of NSW, triggering a trading suspension on ASX and setting key payment dates for shareholders.

Papyrus Australia appoints Daniel Schmidt as CEO to lead its transition from R&D to commercial operations, alongside a strategic restructure to support growth.

Finexia Financial Group has resumed trading following announcements of a significant business disposal and new executive appointments, signaling a pivotal restructuring phase.

Finexia Financial Group announces a strategic leadership reshuffle with the return of Neil Sheather as CEO and Managing Director, the appointment of Robert Spano as Executive Chairman, and a new CEO for its childcare subsidiary, Shared Beginnings.

IDT Australia announces the immediate resignation of CEO Paul McDonald, appointing Executive Chair Mark Simari to lead as the company reports a 40.6% revenue increase but a widening net loss for FY25.

WT Financial Group reports robust FY2025 growth driven by a scalable adviser network and a strategic joint venture with Merchant Wealth Partners, positioning itself for further consolidation in Australia’s financial advice sector.

Classic Minerals has completed a design study for a 250,000 tonnes per annum Carbon-in-Leach gold processing plant at Forrestania, appointing IPS Global as EPCM contractor and outlining a scalable growth strategy.