Latest news with #GaryMiles
Yahoo
19-05-2025
- Business
- Yahoo
Gentrack Group Ltd (ASX:GTK) Half Year 2025 Earnings Call Highlights: Revenue Surge and ...
Release Date: May 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gentrack Group Ltd (ASX:GTK) reported a 9.8% increase in revenue, reaching $112.5 million, with recurring revenue up by approximately 17%. The company's airports division, Viovo, experienced significant growth of 24%, driven by modernization and digitization efforts. Gentrack Group Ltd (ASX:GTK) has a strong cash position, with cash flow increasing by $4 million to $70.7 million, compared to $39 million the previous year. The company is expanding into new markets, including Asia, the Middle East, and Europe, with a strengthening and maturing pipeline. Gentrack Group Ltd (ASX:GTK) has secured new projects and renewals, including a significant win with Utility Warehouse in the UK, enhancing its customer base and recurring revenue potential. The company's EBITDA margin decreased slightly from 18% to 17% due to increased investments in sales and product development. Non-recurring revenues in the utilities segment were 12% lower, reflecting variability and a high level of project work in the previous period. The company's investment in Amber resulted in a share of loss amounting to $1.1 million for the half-year. There is a noted decrease in the utilities business margin due to increased spending on R&D and sales and marketing. The company faces challenges in international expansion, requiring local resources and partnerships to effectively deploy projects in new markets. Q: Can you discuss the dynamics of project work and whether resource limitations affected your ability to carry out additional projects? A: We have been upgrading our base to G2 over the next 5 to 8 years, which acts as a shock absorber for non-recurring revenues. We are not pushing G2 hard yet as we want to ensure successful deployments, with Genesis being our first. We are investing more resources to ensure successful landings, which is part of the process for any first hyperscale program. (Gary Miles, CEO) Q: Can you provide more details on the scoping with G2 and whether it involves new or existing customers? A: We have scoping in both core and target growth markets, but we do not plan to discuss specifics until contracts are finalized. We prefer to ensure certainty before making public announcements. (Gary Miles, CEO) Q: How do you approach resourcing in new markets like Bulgaria, and at what point in the sales cycle do you hire locally? A: Outside of core markets, we need local resources for project deployment, possibly a small team for scoping. The approach depends on language, partnering strategy, and customer needs. We have experience with various permutations, and typically, a small team is needed for scoping, followed by a surge in resources for project execution. (Gary Miles, CEO) Q: Can you elaborate on the deal progression this year, particularly with Utility Warehouse and potential opportunities in Bulgaria? A: Utility Warehouse is a new billing system win, not a renewal, in a competitive UK market. We are confident in our midterm guidance due to our strong technology and customer results. Salesforce is increasingly partnering with us, which boosts our confidence. (Gary Miles, CEO) Q: Regarding medium-term guidance, how confident are you in achieving a 15% revenue CAGR given the current growth rate? A: We have achieved approximately 26% growth over the past four years despite challenges. We are confident in our market due to macro dynamics and are focused on executing our strategy as we expand into new territories. (Gary Miles, CEO) Q: When will recurring revenue from the Utility Warehouse contract begin, and how much implementation falls into FY25? A: Implementation revenues will be seen in the second half of FY25 and the following year. Recurring revenues will become more significant in FY26 and beyond, as the relationship grows. (John, CFO) Q: Are there country-specific variations in price per meter point in non-core markets compared to core markets? A: There is significant variation depending on the market. For example, Asia and Eastern Europe have different price points compared to core markets. The variation is consistent with enterprise-grade software pricing. We aim to win at profitable levels and focus on recurring revenue. (Gary Miles, CEO) Q: Can you provide insight into the scale of scoping opportunities compared to Utility Warehouse? A: We aim to win more tier-one customers like Utility Warehouse but are also successful with tier-two and tier-three customers. We focus on customers with generation assets for better profit pools. Our customer concentration is balanced, and we target a range of suppliers. (Gary Miles, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
NZ Herald
18-05-2025
- Business
- NZ Herald
Gentrack raises first-half profit as airports provide ‘a long runway for growth'
The stock, which is down 2.45% year-to-date, closed on Friday at $11.16 for a $1.38b market cap. (Shares have to stay above $10 for chief executive Gary Miles to land his full market-leading remuneration). The first half saw the operational launch of Gentrack's first Saudi Arabian airport and 'the successful completion of an important part of the first phase of our contract with the Manchester Airports Group'. Upgrades were also delivered to two unnamed major Australasian airports. Gentrack said Veovo had also 'won London Gatwick's Integrated Airport Control project following a highly competitive process'. Gatwick already used Veovo for queue management. It would now add AI and machine-learning-based features. In utilities, Miles earlier told the pick up his firm was well-positioned to pick up work from the latest water reforms after not even being invited to pitch for Three Waters contracts. In the UK, the first half saw Gentrack win a billing software contract with Utility Warehouse, which it says supplies energy and telecom products to nearly two million meter points. Second-half guidance Gentrack gave only limited second-half guidance, which revealed potential to come in slightly shy of some of Forsyth Barr's expectations. An investor presentation said it expected revenue to be at or above $230m (Forsyth Barr is picking $240m). And it forecast full-year ebitda (earnings before interest, tax, depreciation and amortisation) margin of 'above 12%' versus Forsyth Barr's estimate of 14.3%. No profit/loss guidance was given. The firm does not pay a dividend. Ebitda increased by 5% in the first half to $13m. Net cash increased by 80.1% to $70.7m. Tariffs, green backlash 'Gentrack provides essential services with little direct impact from global tariff uncertainties,' the firm said in a market filing. 'In case of a global downturn, we do not expect the rate of transformation of utility companies to slow. However, passenger travel numbers could slow the rate of airport transformations.' It added, 'There is some pull back against net-zero targets which could potentially affect change programs for utilities. We do not see this as a current risk in our target utility markets of Europe, the Middle East and Asia.' In the US, the Trump administration has pushed a policy of what it calls 'energy realism' as it scales down or eliminates clean energy subsidies. The weakening of the New Zealand and Australian dollars had 'benefited Gentrack due to our global customer base and operating theatres'. In constant currency terms, Gentrack's net profit was $6.7m or 6.8% lower than the reported $7.2m and revenue 4.2% lower than the reported $112.0m. Chris Keall is an Auckland-based member of the Herald's business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.
Scottish Sun
26-04-2025
- Scottish Sun
Urgent WhatsApp alert as shadowy bank-raiders ‘infiltrate' your groups to steal cash and even your identity, police warn
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) MONEY-HUNGRY crooks are "infiltrating" WhatsApp groups to hunt for victims, police have warned. Brits need to be on high alert for the dangerous attack after hundreds reported being conned on the app. Sign up for Scottish Sun newsletter Sign up 4 Cybercriminals are conjuring up new and sinister ways to hoodwink you over WhatsApp – so make sure to report them Credit: WhatsApp The scam starts innocently enough: a member of the group will get a mysterious WhatsApp call. It's the fraudster disguising themselves as another member of your group. They'll typically use a fake profile picture and display name, letting them look just like a fellow group member. "This is done to gain the individual's trust," the City of London Police warn. Then the fraudster will tell you that they're sending you a one-time code to let them join an upcoming video call. You'll be asked to share this code with them so they can be "registered" for that call. It's a total scam: they're asking for your own registration code to add your WhatsApp account to their device. Once they've done that, they'll add two-step verification – effectively locking you out of your account for good. "Other members of the group, or friends and family in the victim's contacts, will then be messaged asking them to transfer money urgently as they are in desperate need of help," the City of London Police explained. There's no exact amount of money they'll be after – just as much as they can grab from your family or friends before being caught out. Don't risk ignoring four free iPhone tricks built to save your life Then they'll break into more accounts and continue the cycle, potentially racking up huge sums of money. Almost anyone can be targeted by this sinister WhatsApp scam. "Fraudsters still find ways to infiltrate these platforms," said Detective Superintendent Gary Miles, of the City of London Police. "Sadly, anyone can be become a target for fraud." 4 Crooks pretend to be members of your group to scam you Credit: Getty Miles, who heads up the National Fraud Intelligence Bureau, said that his team had already received hundreds of reports this year. And he urged Brits to be "on their guard" on WhatsApp, especially anyone in big group chats. "To keep yourself safe from fraud, never share your account details or any passcode or verification codes with anyone," the police boss explained. "If you think you are being targeted, report the message and block the sender within WhatsApp. WHATSAPP'S TOP SECURITY TIPS REVEALED Here's the official list of security tips from WhatsApp... Never share your registration code or two-step verification PIN with others. Enable two-step verification and provide an email address in case you forget your PIN. Set a voicemail password on your phone that's difficult to guess to prevent anyone from accessing your voicemail. Check your linked devices regularly. Go to WhatsApp Settings > Linked Devices to review all devices linked to your account. To remove a linked device, tap the device > Log Out . > to review all devices linked to your account. To remove a linked device, tap the device > . Set a device code and be aware of who has physical access to your phone. Someone who has physical access to your phone might use your WhatsApp account without your permission. Picture Credit: WhatsApp "To make your account more secure, we advise setting up two-step verification to provide an extra layer of protection." To add two-step verification, go to Settings > Account > Two-Step Verification > Enable. WhatsApp has plenty of security settings, but they can't guarantee your safety. You'll need to be extremely careful when messaging other people, just in case you're being scammed. 4 You'll want to turn two-step verification on – or you risk crooks doing it and locking you out "All personal messages sent on WhatsApp are protected by end-to-end encryption, but we can all play a role in keeping our accounts safe," a WhatsApp spokesperson said. "We recommend that all users set up two-step verification for added security and advise people never to share their six-digit PIN code with others, not even with friends or family. "If you receive a suspicious message (even if you think you know who it's from), calling or requesting a voice-note is the fastest and simplest way to check that someone is who they say they are." It's also worth setting up a safety word or phrase with close family in advance. 4 You can find the Two-Step Verification feature inside your WhatsApp account settings That way, if you're ever asked for money, you can verify their identity with this special code. If you think you've been a victim of cybercrime, you can report it to Action Fraud by calling 0300 123 2040. If banking is involved, contact your bank or credit card provider as soon as possible.
The Irish Sun
26-04-2025
- The Irish Sun
Urgent WhatsApp alert as shadowy bank-raiders ‘infiltrate' your groups to steal cash and even your identity, police warn
MONEY-HUNGRY crooks are "infiltrating" WhatsApp groups to hunt for victims, police have warned. Brits need to be on high alert for the dangerous attack after hundreds reported being conned on the app. Advertisement 4 Cybercriminals are conjuring up new and sinister ways to hoodwink you over WhatsApp – so make sure to report them Credit: WhatsApp The scam starts innocently enough: a member of the group will get a mysterious WhatsApp call. It's the fraudster disguising themselves as another member of your group. They'll typically use a fake profile picture and display name, letting them look just like a fellow group member. "This is done to gain the individual's trust," the City of London Police warn. Advertisement Read more on WhatsApp Then the fraudster will tell you that they're sending you a one-time code to let them join an upcoming video call. You'll be asked to share this code with them so they can be "registered" for that call. It's a total scam: they're Once they've done that, they'll add two-step verification – effectively locking you out of your account for good. Advertisement Most read in Tech Breaking Exclusive "Other members of the group, or friends and family in the victim's contacts, will then be messaged asking them to transfer money urgently as they are in desperate need of help," the City of London Police explained. There's no exact amount of money they'll be after – just as much as they can grab from your family or friends before being caught out. Don't risk ignoring four free iPhone tricks built to save your life Then they'll break into more accounts and continue the cycle, potentially racking up huge sums of money. Almost anyone can be targeted by this sinister WhatsApp scam. Advertisement "Fraudsters still find ways to infiltrate these platforms," said Detective Superintendent Gary Miles, of the City of London Police. "Sadly, anyone can be become a target for fraud." 4 Crooks pretend to be members of your group to scam you Credit: Getty Miles, who heads up the National Fraud Intelligence Bureau, said that his team had already received hundreds of reports this year. Advertisement And he urged Brits to be "on their guard" on WhatsApp, especially anyone in big group chats. "To keep yourself safe from fraud, never share your account details or any passcode or verification codes with anyone," the police boss explained. "If you think you are being targeted, report the message and block the sender within WhatsApp. WHATSAPP'S TOP SECURITY TIPS REVEALED Here's the official list of security tips from WhatsApp... Never share your registration code or two-step verification PIN with others. Enable two-step verification and provide an email address in case you forget your PIN. Set a voicemail password on your phone that's difficult to guess to prevent anyone from accessing your voicemail. Check your linked devices regularly. Go to WhatsApp Settings > Linked Devices to review all devices linked to your account. To remove a linked device, tap the device > Log Out . Set a device code and be aware of who has physical access to your phone. Someone who has physical access to your phone might use your WhatsApp account without your permission. Picture Credit: WhatsApp "To make your account more secure, we advise setting up Advertisement To add two-step verification, go to Settings > Account > Two-Step Verification > Enable. WhatsApp has plenty of You'll need to be extremely careful when messaging other people, just in case you're being scammed. 4 You'll want to turn two-step verification on – or you risk crooks doing it and locking you out Advertisement "All personal messages sent on WhatsApp are protected by end-to-end encryption, but we can all play a role in keeping our accounts safe," a WhatsApp spokesperson said. "We recommend that all users set up two-step verification for added security and advise people never to share their six-digit PIN code with others, not even with friends or family. "If you receive a suspicious message (even if you think you know who it's from), calling or requesting a voice-note is the fastest and simplest way to check that someone is who they say they are." It's also worth setting up a safety word or phrase with close family in advance. Advertisement 4 You can find the Two-Step Verification feature inside your WhatsApp account settings That way, if you're ever asked for money, you can verify their identity with this special code. If you think you've been a victim of cybercrime, you can report it to Action Fraud by calling 0300 123 2040. If banking is involved, contact your bank or credit card provider as soon as possible.
The Sun
26-04-2025
- The Sun
Urgent WhatsApp alert as shadowy bank-raiders ‘infiltrate' your groups to steal cash and even your identity, police warn
Sean Keach, Head of Technology and Science Published: Invalid Date, MONEY-HUNGRY crooks are "infiltrating" WhatsApp groups to hunt for victims, police have warned. Brits need to be on high alert for the dangerous attack after hundreds reported being conned on the app. 4 The scam starts innocently enough: a member of the group will get a mysterious WhatsApp call. It's the fraudster disguising themselves as another member of your group. They'll typically use a fake profile picture and display name, letting them look just like a fellow group member. "This is done to gain the individual's trust," the City of London Police warn. Then the fraudster will tell you that they're sending you a one-time code to let them join an upcoming video call. You'll be asked to share this code with them so they can be "registered" for that call. It's a total scam: they're asking for your own registration code to add your WhatsApp account to their device. Once they've done that, they'll add two-step verification – effectively locking you out of your account for good. "Other members of the group, or friends and family in the victim's contacts, will then be messaged asking them to transfer money urgently as they are in desperate need of help," the City of London Police explained. There's no exact amount of money they'll be after – just as much as they can grab from your family or friends before being caught out. Don't risk ignoring four free iPhone tricks built to save your life Then they'll break into more accounts and continue the cycle, potentially racking up huge sums of money. Almost anyone can be targeted by this sinister WhatsApp scam. "Fraudsters still find ways to infiltrate these platforms," said Detective Superintendent Gary Miles, of the City of London Police. "Sadly, anyone can be become a target for fraud." 4 Miles, who heads up the National Fraud Intelligence Bureau, said that his team had already received hundreds of reports this year. And he urged Brits to be "on their guard" on WhatsApp, especially anyone in big group chats. "To keep yourself safe from fraud, never share your account details or any passcode or verification codes with anyone," the police boss explained. "If you think you are being targeted, report the message and block the sender within WhatsApp. WHATSAPP'S TOP SECURITY TIPS REVEALED Here's the official list of security tips from WhatsApp... Never share your registration code or two-step verification PIN with others. Enable two-step verification and provide an email address in case you forget your PIN. Set a voicemail password on your phone that's difficult to guess to prevent anyone from accessing your voicemail. Check your linked devices regularly. Go to WhatsApp Settings > Linked Devices to review all devices linked to your account. To remove a linked device, tap the device > Log Out. Set a device code and be aware of who has physical access to your phone. Someone who has physical access to your phone might use your WhatsApp account without your permission. Picture Credit: WhatsApp "To make your account more secure, we advise setting up two-step verification to provide an extra layer of protection." To add two-step verification, go to Settings > Account > Two-Step Verification > Enable. WhatsApp has plenty of security settings, but they can't guarantee your safety. You'll need to be extremely careful when messaging other people, just in case you're being scammed. 4 "All personal messages sent on WhatsApp are protected by end-to-end encryption, but we can all play a role in keeping our accounts safe," a WhatsApp spokesperson said. "We recommend that all users set up two-step verification for added security and advise people never to share their six-digit PIN code with others, not even with friends or family. "If you receive a suspicious message (even if you think you know who it's from), calling or requesting a voice-note is the fastest and simplest way to check that someone is who they say they are." It's also worth setting up a safety word or phrase with close family in advance. 4 That way, if you're ever asked for money, you can verify their identity with this special code. If you think you've been a victim of cybercrime, you can report it to Action Fraud by calling 0300 123 2040. If banking is involved, contact your bank or credit card provider as soon as possible.
