Technology One (ASX:TNE) posts 50% increase in profit

19Nov

Technology One (ASX:TNE) posts 50% increase in profit

 

Software company, TechnologyOne (ASX:TNE) has posted a 50 per cent increase in profit to $76.4 million for the financial year ending 30 September 2019.

Recurring Revenue of $102 million was up 44 per cent.

CEO Edward Chung says the businesse’s total annual recurring revenue has now hit $202m and is set to exceed $500m in FY24.

The company has declared a total dividend of 11.93cps, up 8 per cent.

Technology One will provide further guidance at its AGM .

Shares in Technology One Shares are trading 2.73 per cent lower at $8.01.
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

13Jun

Stocks of the Hour: Pacific Nickel Mines, Elementos, Perpetual Resources

13 Jun 2024 - A snapshot of the stocks on the move, featuring Pacific Nickel Mines (ASX:PNM), Elementos (ASX:ELT) and Perpetual Resources (ASX:PEC).

Read More
30Dec

Asia Pacific Village Group lobs new offer to buy Metlifecare (ASX:MEQ)

30 Dec 2019 - Retirement village owner and operator, Metlifecare (ASX:MEQ) has penned a scheme of arrangement under which Asia Pacific Village Group will purchase all of its shares for $7.00 per share.

Read More
10Apr

Air New Zealand (ASX:AIZ) postpones capital raising after increasing Crown loan facility

09 Apr 2021 - Air New Zealand has postponed the deadline for its equity raising by 3 months to June 30.

Read More
15Dec

MACA (ASX:MLD) to buy Downer EDIs Mining West business

15 Dec 2020 - Contracting group MACA (ASX:MLD) is set to buy Downer EDI’s Mining West business for an acquisition value of $175 million with approximately $30 million from the unwinding of working capital balances.

Read More
11Aug

1300 Smiles (ASX:ONT) rebounds after lockdown

11 Aug 2020 - 1300 Smiles (ASX:ONT) emerged from the Covid-19 shutdown reporting net profit down 8 per cent to $7.1 million on sales down 3 per cent to $57.1 million.

Read More
02Dec

National Australia Bank (ASX:NAB) appoint Les Matheson to its Executive Leadership Team

02 Dec 2020 - National Australia Bank (ASX:NAB) today announced the appointment of Les Matheson to its Executive Leadership Team.

Read More
21Jul

Stocks of the Hour: Mosaic Brands, Victory Metals, Atlas Arteria

21 Jul 2023 - A snapshot of the stocks on the move, featuring Mosaic Brands (ASX:MOZ), Victory Metals (ASX:VTM) and Atlas Arteria (ASX:ALX).

Read More
01Mar

Austal (ASX:ASB) USA signs $295m contract with US Navy

01 Mar 2021 - Austal (ASX:ASB) USA has been awarded a $295 million contract by the United States Navy for the detailed design and construction of the 15th Expeditionary Fast Transport vessel.

Read More
07Dec

Stocks of the Hour: Red Mountain Mining, 4DS Memory, Golden Deeps

07 Dec 2022 - A snapshot of the stocks on the move featuring Red Mountain Mining (ASX:RMX), 4DS Memory (ASX:4DS) and Golden Deeps (ASX:GED).

Read More
26Nov

Fire at Cleanaway’s (ASX:CWY) Guildford Materials Recycling Facility

26 Nov 2019 - Cleanaway Waste Management (ASX:CWY) has confirmed that its Materials Recycling Facility in Guildford, Western Australia was damaged by a fire yesterday.

Read More