ASX Tech Stocks: International holographic teleportation, and Megaport says cloud adoption is critical
Like something straight out of Space Trek, researchers at the University of Western Ontario recently completed the world’s first-ever international holographic teleportation.
A combination of hologram and teleport, the technology is called holoport and allows you to instantly beam the hologram of a person to a far-off location.
Microsoft has been working on its HoloLens for a while now to bring in mixed reality for business and gaming applications and Aexa Aerospace provides the software that enables a special camera to create holographic images of the subject and their environment, which can be seen using the HoloLens.
Last year, NASA holoported flight surgeon Dr Josef Schmid using Aexa Aerospace technology and now researchers at the Western Institute for Space Exploration have successfully conducted the first international holographic teleportation from Alabama to London, Ontario.
“Wouldn’t it be nice if you’re on a three-month deployment to the Space Station, and you could come down and sit in the room (at home) for a family dinner,” Western Space faculty member Dr Adam Sirek said.
The team is now working on the medical applications of the technology to facilitate medical examinations in remote areas and believes this could be a game-changer for rural healthcare.
The Network-as-a-Service (NaaS) player says its monthly recurring revenue is up 43% of the year – at $10.7m at 30 June 2022 compared to $7.5m at 30 June 2021.
Annual Recurring Revenue (ARR) is also a vital metric to keep an eye on and Megaport has plenty of that too, with ARR also up 43% at $128.3m as of 30 June 2022.
Chairman and executive director Bevan Slattery says it all comes down to cloud adoption as a critical means of growing and scaling businesses.
“With the continued migration of enterprise workloads from siloed, on-premise infrastructure to hybrid and multicloud architectures, cloud is now an undeniable force in almost everything we do,” he said.
“The question of whether a business will adopt cloud is no longer up for debate; it’s now a question of how many clouds they will adopt.
“This massive growth in cloud adoption is fueling an ever-increasing dependence on critical communications infrastructure as data traverses between end users and public and private cloud locations.
“Megaport was built to solve this problem and founded at the junction where network infrastructure and operations meets next generation software and automation.
“Our industry leading Network as a Service platform was built for scalability – with global multi-terabit capacity that reaches 25 countries.”
Accounting software company Reckon has reported bottom line normalised Net Profit After Tax (NPAT) of $6m, up 5% on the previous corresponding period (pcp).
Annual recurring revenues (ARR) of $36m, marked a 5% increase on the pcp and the fully franked interim dividend was 3c per share.
“Operational highlights for first half 2022 were led by the $100m all-cash sale of the Accountants Group division, along with consistently strong results from the group’s continuous operations,” CEO Sam Allert said.
“With an established market footprint for our Small Business payroll solutions and Practice Management platform for legal services, Reckon has built a platform for sustainable growth underpinned by a strong balance street and subscription-based revenue model.”
The plan is to invest in and launch new cloud products and other cross-selling opportunities.
The infrastructure-as-a-service (IaaS) player has launched its $2.125 million placement to fund its working capital position until it wraps up the Flow2Edge Australia transition.
The company is selling all its business assets and subsidiaries to Flow2Edge Australia – a digital infrastructure provider – for A$26m.
The transaction is subject to approval of both the Foreign Investment Review Board (FIRB) and shareholders.