Latest Managed It Services News

Comms Group Limited reported a steady 2% revenue increase in FY25, hitting the highest gross margin in five years, while targeting over $75 million in run-rate revenue post-TasmaNet integration.

Perpetual Limited reported a robust first quarter for FY26, with growth across its Asset Management, Corporate Trust, and Wealth Management divisions, driven by strong market returns and strategic initiatives.

Navigator Global Investments reports a 3% rise in total assets under management to USD 87 billion, driven by strong growth in Lighthouse Partners and private markets despite a challenging investment landscape.

Spirit Technology Solutions forecasts strong FY26 growth with revenue surpassing $114 million and underlying EBITDA rising between 14% and 23%. The company signals ongoing expansion through organic and potential inorganic avenues.

5G Networks Limited has released its audited FY2025 Annual Report, revealing key adjustments including a goodwill impairment linked to its AUCyber acquisition and finalized tax expenses. These revisions reshape the company’s financial statements without altering its overall asset base.

Ventia Services Group has extended its facility management contract with the City of Sydney, locking in $100 million over two years and continuing a partnership that began in 2018.

Prophecy International flags higher churn and softer US sales for its Snare product, prompting a conservative FY2026 outlook and $3.2 million in annual cost savings.

Excite Technology Services has renewed a $2.14 million contract with Keyton Retirement Living to provide managed cyber security and IT services over two years, reinforcing a strong partnership in a critical sector.

Atturra Limited has completed the acquisition of Blue Connections Pty Ltd for $18 million upfront, aiming to boost its managed services capabilities and establish a key Victorian hub. The deal includes performance-based earn-outs, signaling strategic growth in IT solutions.

5G Networks Limited (5GN) reported a robust 27% revenue increase in FY25, driven by organic growth and a strategic acquisition of an 89.65% stake in cybersecurity firm AUCyber. The company’s underlying EBITDA turned positive, signaling a financial turnaround despite integration costs.

IMEXHS reported a steady first half of FY25 with revenue up 4% and annualised recurring revenue climbing 11%, driven by strong adoption of its Aquila+ radiology platform and strategic capital raising.

RAS Technology Holdings Limited reported a robust 31% increase in revenue to A$21.3 million for FY25, alongside its first net profit after tax since listing, driven by strategic acquisitions and global expansion.