When Jeff Bezos started Amazon, Barnes & Noble wasn't pouring billions into machine learning or cloud infrastructure. This doesn't mean that it was easy for these entrepreneurs to change the face of whole industries. It was not. But it was at least possible. Back then, giants could be out-innovated because they were bureaucratic, cautious, and often blind to the potential of what the upstart start-ups were building.
The increase in overseas earnings reflects our focus on pursuing profitable international growth. The international Public Transport business continues to do well, underpinned by our ability to collaborate effectively with our clients to deliver valued services to support their transport goals.