Technology One now comes onto our radar following yesterday’s Algo Engine buy signal.
Technology One is one of Australia’s largest enterprise software services companies.
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Key results were as follows for 1H 20 earnings
Profit after tax of $19.1m, up 6%
Profit before tax of $25.9m, up 6%
Revenue of $138.4m1, up 7%
Expenses of $112.5m, up 7%
SaaS Annual Recurring Revenue (ARR)2 of $110.2m, up 33%
Cash Flow Generation of $9.9m, up 100+%
Cash and Cash Equivalents of $84m, up 23%
Dividend of 3.47cps, up 10%
We’ll review the full-year earnings in the coming weeks when they release their June numbers.
