BRIEFS

Profit and loss

Profit and loss

There is no right formula for technology companies. While a Melbourne-based venture just turned a profit after nine months, another is expanding, globally, doubling revenue and losses after seven years.

http://bit.ly/17AoweR

M-Payments

Taxi passengers are starting to pay fares with smartphones, according to taxi app developer goCatch. It said nearly 1000 fares were paid nationally since December.

Data centre

The Department of Foreign Affairs and Trade has a new data centre host, Canberra Data Centres. It will allow DFAT to consolidate and modernise its core applications and support the development and operation of Australia's new passport system.