Category Archives: Australian Technology Stocks

Link Group to acquire 100% of UK based Capita Asset Services

Link Administration Holdings (ASX: LNK) has entered into a binding agreement to acquire Capita Asset Services (CAS) from Capita plc (Capita) for £888 million (~A$1,493 million). The Acquisition is subject to mandatory regulatory approvals and is expected to complete by 31 December 2017. CAS is an established player in providing a range of financial and administrative services in the UK

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GetSwift Limited Expanding through partnerships

Expanding through partnerships: GetSwift Limited (ASX: GSW), the SaaS solution company has signed a commercial multi-year agreements with FRF couriers. With FRF couriers, GetSwift has brought into its ecosystem an additional group in its expanding industry verticals as it offers additional industry vertical touchpoints for its platform. FRF Couriers was established in 1989 and managed to establish an extremely well-balanced

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During Q1FY17, Freelancer Ltd reported a 20% yoy

During Q1FY17, Freelancer Ltd reported a 20% yoy growth in cash receipts at $12.5 million on a rolling 12-month basis, with strong positive operating cashflow of $2.1 million. The company witnessed a robust growth in key metrics in the core marketplace segment during the quarter, while the core infrastructure, systems and processes are refurbished. Further, considerable progress has been made

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Two small caps with potential – Freelancer Ltd and GetSwift Ltd

During Q1FY17, Freelancer Ltd reported a 20% yoy growth in cash receipts at $12.5 million on a rolling 12-month basis, with strong positive operating cashflow of $2.1 million. The company witnessed a robust growth in key metrics in the core marketplace segment during the quarter, while the core infrastructure, systems and processes are refurbished. Further, considerable progress has been made

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Telstra set to axe 1400 jobs

Telstra will axe about 1400 jobs across the country as part of a huge cost-cutting drive that could wipe out nearly five per cent of its entire workforce. Employees across all divisions – including in the telecommunication giant’s vast field workforce of line technicians, maintenance and installation workers – are all feared to be in danger of losing their jobs.    To read the

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During H1FY17, Aconex Ltd Europe business operations are remains challenging

Europe business operations are remains challenging: During H1FY17, Aconex Ltd reported a revenue growth of 38% yoy to $77.0 million, primarily driven by the acquisition of Conject Holding GmbH in March 2016 and strong international growth. Earnings before interest, taxes, depreciation, and amortization (EBITDA) from core operations, excluding acquisition and integration costs grew by 9% yoy to $7.4 million. The

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Vocus Group Ltd Market conditions remains elusive

Market conditions remains elusive: Vocus Group Ltd (ASX: VOC) revised its FY17 guidance with revenue now expected to be over $1.8bn compared to guidance of approximately $1.9bn, while underlying EBITDA is now estimated to be $365-375m compared to guidance of $430-450m. Further, underlying NPAT is forecasted to be in the range of approximately $160-165m compared to guidance of $205-215m. Moreover,

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