Latest It Services News

Megaport Limited has launched a A$200 million equity raising to fund the acquisition of Latitude.sh, a high-growth Compute-as-a-Service platform, and accelerate its network expansion in India. This strategic move aims to unify network and compute services, enhancing Megaport’s position in the hybrid cloud and AI markets.

Life360, Inc. reported robust Q3 2025 financial results driven by subscription and partnership revenue growth, alongside a leadership transition and strategic capital moves. The company also announced a major acquisition to bolster its advertising platform.

Etherstack plc reports a record-breaking FY25 with revenues up 62%, driven by major US and UK contracts, and projects continued strong growth into FY26 and beyond.

Jumbo Interactive’s 2025 AGM highlighted solid early FY26 growth across its core segments alongside transformative acquisitions in the UK and US, prompting a cautious dividend policy revision to balance growth and debt reduction.

Bendigo and Adelaide Bank’s latest Basel III disclosures reveal a slight dip in capital ratios offset by improved liquidity and funding stability for the quarter ended September 2025.

OFX Group reports a modest decline in revenue for 1H26 but highlights strong progress in its OFX 2.0 platform rollout and client acquisition, setting the stage for future growth.

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.

OFX Group Limited’s half-year results reveal a sharp 78% drop in statutory net profit to $2.4 million, driven by lower fee and trading income and rising expenses. The company is advancing its New Client Platform rollout and has initiated a new share buy-back program to support growth and capital management.

Activeport Group launches the Middle East and North Africa’s inaugural AI-powered Network-to-Network Interconnect Exchange, aiming to tap into the region’s booming A$112 billion telecom market driven by hyperscale AI data centre growth.

Commonwealth Bank of Australia reported a 33 basis point increase in its CET1 capital ratio for Q3 2025, driven by earnings growth despite a rise in risk-weighted assets. Liquidity and leverage metrics remain robust, underscoring the bank's resilient capital position.

Tolu Minerals has appointed Dr Chris Muller as Managing Director and CEO, signaling a strategic push towards ramped-up exploration and resource development in Papua New Guinea.

Downer EDI Limited has landed a substantial $750 million contract with Chevron Australia to provide maintenance and support services at key Western Australian energy facilities over up to 15 years.