Total revenue increased 4% year-over-year to $743 million and Avaya OneCloud ARR increased 38% sequentially to $262 million.
The global COVID-19-induced lockdown has added pressure on the company as its supply chain system has also been disrupted.
The group concludes an agreement to sell, and thereby fully exit, its 20% shareholding in Belgacom International Carrier Services.
The company emerges from a tense week-long labour strike in September, doubling its earnings in its half-year financial results.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The listed group is refocusing its efforts in SA, scaling down its international exposure to focus on the local market.
The acquisition comes a year after Skynamo secured $30 million in funding from US-based software investment firm Five Elms Capital.
The telco has been steadily driving its broadband strategy, which is now paying off, growing subscribers to 10 million customers.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
ITWeb looks at government's five biggest tender awards for the first month of 2021.
The consumer switch to remote working and e-learning enabled the multinational tech firm to exceed growth expectations, reaching 20% market share in SA.
One of the key use cases for Stablecoins, such as xZAR, is the ability to use it as a payment mechanism.
The company has appointed Dirk Reyneke as the group chief financial officer effect from 5 February 2021.
This is part of Remitano’s effort in a bid to enhance borderless access to financial and crypto-currency services.