Latest It Services News

Superloop showcased sustained earnings improvement and strategic fibre network expansion, spotlighting its pending Lightning Broadband acquisition to boost FTTP scale.

NoviqTech (ASX: NVQ) advances its biochar carbon removal strategy with a key non-binding MoU covering 70% of credits from its Great Barrier Reef project, targeting 2026 commercial milestones.

Zip Co’s April update highlights robust US and ANZ market expansion, with total transaction volume surging and credit losses forecast below 1.75%. The company reconfirms FY26 guidance, underpinned by AI-driven underwriting and new subscription offerings.

Generation Development Group has completed the migration of $1.8 billion in Xplore Wealth managed discretionary accounts to Evidentia’s Implemented Portfolios on the HUB24 platform, lifting total funds under management beyond $4 billion.

Light & Wonder posted modest revenue growth in Q1 2026, driven by strong Gaming and iGaming performances, while net income fell sharply due to legacy legal costs. The company maintains disciplined capital management amid ongoing macro pressures.

NEXTDC has closed a A$1.7 billion subordinated hybrid securities offer fully backed by La Caisse, enhancing its liquidity to an estimated A$8.4 billion by June 30, 2026.

Amcor posted a 77% jump in Q3 net sales fueled by the Berry acquisition, delivering synergy gains above expectations and updating fiscal 2026 guidance amid geopolitical headwinds.

Smartgroup delivered a robust start to 2026 with double-digit growth in novated leasing orders and a new app rollout, while targeting mid-40s EBITDA margins for 2027 amid supportive EV policies.

Locate Technologies has landed a three-year contract with FedEx Australia to deploy its AI-driven Locate2u platform, marking a significant commercial win for the New Zealand logistics tech firm.

Decidr AI Industries has successfully completed a $15 million placement to fund key product development and expansion initiatives, reinforcing its lead in the agentic AI sector.

Brightstar Resources has secured full funding for its Goldfields Project, targeting 75,000oz gold production annually from mid-2027, while advancing the Sandstone Project towards a potential Tier-1 development with production aimed for 2029.

Ark Mines has intercepted low-grade gold in its Sandy Mitchell Rare Earths Project, revealing potential value-add from gold credits alongside rare earths. Further assays and development studies are underway.