Hanumant Pawar

Revenue contribution from LACIS, EMEA and APAC regions drop YoY in H1 2023. Revenue contribution from APAC region should improve in H2 2023 with India and SEA’s strengthening performances. PAX expects a double-digit percentage decline in 2023 revenue. PAX Global Technology’s H1 2023 revenue fell 14.7% YoY to $456 million, as the company’s electronic payment terminal business was constrained by slowing global economic growth and high-interest rates.

The growth was primarily driven by the strong performance of Android-based payment terminals. PAX’s expertise in Android SmartPOS technology and its MAXSTORE platform offers a centralized and seamless way for merchants to navigate an increasingly complex business. PAX is expected to maintain its leading position in Android SmartPOS payment solutions.

Landis+Gyr Posts Robust H1 2022 Results Despite Supply Chain Constraints, FX Headwinds Landis+Gyr, a leading global provider of integrated energy management solutions, posted H1 2022 net revenue of $728.7 million, a 4% rise from the year-ago period. H1 2022 Highlights: The company’s H1 2022 bill-to-book ratio was strong, reflecting the continuation of smart metering rollouts across major regions, conversion of backlogs, project deployments, contract wins and strong demand.