Big gains in the cloud: TechnologyOne’s profit surge
TechnologyOne (ASX:TNE) has reported a profit before tax of $152.9m for the financial year ending 30 September 2024, an 18% increase year-on-year.
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Technology One announces record interim payout
Shareholders in Brisbane-based tech services and software group, Technology One (ASX:TNE), will receive a record interim payout of 5.08 cents per share after the company revealed a double-digit increase in sales and profits for the six months ending on March 31.
Read MoreAnalysis of TechnologyOne and Smart Parking
Fund Manager Chris Pedersen discusses TechnologyOne, Smart Parking and whether inflation is going back up.
Read MoreTechnologyOne announces 3-cent special dividend and strong growth in earnings
Brisbane-based TechnologyOne (ASX:TNE) will pay a special 3 cents per share dividend on top of its ordinary final payout, following a 16% increase in net earnings to just over $130 million for the year ending in September. This rise exceeded the company's forecasted 10% to 15% increase in net earnings.
Read MoreStock Snippets: BKW, TNE
Tuesday’s trading session on the ASX saw cautious optimism on the part of Brickworks Ltd and software firm TechnologyOne throw caution to the wind.
Read MoreTechnologyOne Transition Paying Dividends
Brisbane-based TechnologyOne says it has completed its transition to a software-as-a-service company as revenue leapt 19% in the March half and the dividend was boosted 10%.
Read MoreTNE – Credit Suisse rates the stock as Neutral
Credit Suisse increases its target price for Technology One to $12 from $9.50, Neutral rating maintained.
Read MoreMarket Murmurs: TNE, BAP, NST, LNK
On what was a pretty slow Tuesday on the ASX, here are four bits of news from TechnologyOne (ASX: TNE), Bapcor (ASX: BAP), Northern Star (ASX: NST), and Link Group (ASX: LNK).
Read MoreTNE – Morgans rates the stock as Add
The Add rating is maintained and the target price is increased to $10 from $9.99.
Read MoreHalf-Time Score: TechnologyOne, Doubters Nil
Shares in Brisbane-based TechnologyOne saw a small rally yesterday thanks to a sharp rise in interim earnings and a smaller rise in its half-time payout to shareholders.
Read MoreHigher Dividend As Technology One Programs Path Through Pandemic
Enterprise software provider TechnologyOne has survived the pandemic, reporting a 4% rise in revenues for the year to September 30 to $299 million and an 8% rise in net profit to $62.9 million.
Read MoreTNE – UBS rates the stock as Sell
FY19 results were ahead of UBS estimates. The quality was below expectations, although the outlook is considered positive.
Read MoreWhy We Are Buying TechnologyOne
While there are short-term headwinds (i.e. declining free cashflow, higher expense growth), the ongoing transition of customers to cloud, while impacting revenue growth in the short term, underpins the strong medium-to-long-term earnings growth profile for TNE.
Read MoreValuation A Chief Concern For TechnologyOne
Large accounting clients continue to migrate to TechnologyOne’s cloud offering but brokers remain concerned about the stock’s valuation.
Read MoreInvestors Scrambled By TechnologyOne Results
TechnologyOne shares fell more than 6% yesterday after the company reported a March 31 interim result that left investors a bit confused.
Read MoreTechOne Tumbles On Profit Warning
TechnologyOne shares were harshly dealt with yesterday after it shocked the market with an almost halving in its profit growth rate for 2016-17.
Read MoreTechOne Overcomes Brisbane Council Dispute
Investors liked the numbers in yesterday’s half year report from Brisbane-based TechOne shares with the shares up 4.5% to $5.78 in a market that eased overall.
Read MoreCloud Services Bolster TechnologyOne
Brisbane-based TechnologyOne (TNE) belied the recent weakness in its share price by revealing a better than expected 2015-16 result yesterday and higher dividends for shareholders.
Read MoreTechnologyOne Lifts Revenues 12%
Shares in TechnologyOne (TNE), the country’s largest local enterprise software jumped more than 5% at one stage yesterday after it slipped out solid first half results late Monday.
Read MoreRecord Numbers At TechnologyOne
TechnologyOne (TNE) shares dipped 1.3% yesterday despite the company revealing a solid 2013-14 profit.
Read MoreTecnologyOne’s Shares Hit A Record Close
Shares in Brisbane-based software company, TechnologyOne (TNE) rose strongly to a record close in yesterday’s mixed market after it reported a solid rise in interim profit and forecast a solid second half to meet market forecasts for the full year.
Read MoreTechnologyOne Lifts Profit
Brisbane-based software group TechnologyOne (TNE) says earnings hit guidance with a 14% rise in the year to September 30 to a record $26.1 million.
Read MoreTechnology One Looking At Solid Year
Brisbane-based tech group Technology One (TNE) has lifted interim dividend by 10% after a 17% improvement in first half earnings, but the shares closed all but steady on the day.
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