For the first quarter ended 30 September, 2024, digital system integrator Endava saw sales increase by 5.2% year-on-year o £195.1m, at constant currency. However, adjusted profit before tax was flat when compared to the previous quarter, and it dropped by a third when compared to the same quarter last time.
-According to analyst house Dell’Oro Group, radio access network (RAN) market conditions are “slowly improving” but “remain challenging” as regional imbalances still weigh on the market. Initial calculations show that the overall RAN market - including baseband plus radio hardware and software, excluding services - declined in the third quarter, marking a sixth consecutive quarter of year-over-year revenue decline.
The top 5 RAN suppliers for the 1Q24-3Q24 period based on worldwide revenues are Huawei, Ericsson, Nokia, ZTE, and Samsung. Huawei and Ericsson worldwide RAN revenue share improved in the first nine months, while Nokia, Samsung, and ZTE lost some ground over the same period.
-Global data and technology provider Experian saw half-year revenue rise 6% on the same period last year to $3.63 billion, for the period ending 30 September. The operating profit was up 10% to $880m.
-Communication and services provider vendor Amdocs reported record full year revenue of $5 billion, up 2.4% year-on-year. Europe generated $726m of this revenue.
The company reported it successfully achieved its profitability improvement targets by using automation and AI to drive internal efficiency. It indicated that FY25 will see it “sharpen its focus” on strategic priorities, while phasing out certain non-core, low margin activities.
The year closed with strong sales momentum, which included new cloud migration deals with Vodafone Italy and NTT Infranet in Japan, and further deals with Melon Mobile in South Africa and VIVO in Brazil.
-The latest data from analyst Canalys shows that AI-capable PC shipments hit 13.3 million units in Q3 2024, accounting for 20% of all PC shipments during the quarter.
Windows devices accounted for a majority of AI-capable PC shipments for the first time, capturing a 53% share. While the Windows 11 refresh cycle and processor roadmaps will continue to drive penetration, a key challenge moving forward will be to convince customers to future-proof for a boom in on-device AI use cases, said Canalys.
-Data protection vendor NAKIVO reported a strong Q3 2024, marked by a 33% increase in revenue from managed service provider partnerships, and 11% growth in its global customer base.
NAKIVO now serves over 30,000 customers across 183 countries. This growth includes a 14% increase in the Asia-Pacific region, 11% in EMEA, and 9% in the Americas, as enterprises continue to select NAKIVO Backup & Replication as their data protection solution.
In the quarter, NAKIVO welcomed 224 new solution providers to its partner programme.
-Agicap closed a €45m Series C funding round led by AVP. The round will enable the all-in-one treasury management platform to further consolidate its market position in Europe, as it scales to become a global reference in the SMB and mid-market treasury management space.
Agicap provides the C-suite and finance teams with flexible and real-time visibility into current, historical and projected cash flow data, alongside an end-to-end suite of treasury management tools.
Since its Series B funding in 2021, Agicap has increased its revenue by 7x and solidified its position in Europe by expanding into four regions, including DACH, Italy, UK & Ireland, and Spain. The company expects to generate positive cash flow in Europe by the beginning of 2025.
-Software services firm Kainos saw revenue decrease annually by 5% to £183.1m, for the six months ended 30 September, 2024. Kainos said it expected lower sales throughout the second half too.
For the first half though, the firm still managed to achieve a 1% annual improvement in its adjusted pre-tax profit, to £38.2m.
-Cyber security supplier Fortinet has reported that sales for Q3 grew 13% to $1.5 billion, driven by a 19% gain in service revenue.
