Technology One Limited (AU:TNE) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Technology One Limited, listed on ASX as TNE, has reported an impressive 18% growth in profit before tax and a 20% increase in Annual Recurring Revenue (ARR) for the fiscal year ending September 2024. The company’s innovative SaaS+ ERP solution, which combines critical global SaaS ERP services into a single fee, has been a significant driver of this success, alongside strong growth in its UK business. With a robust balance sheet boasting $278.7 million in cash and no debt, Technology One is well-positioned for continued expansion, including its recent acquisition of CourseLoop to enhance its OneEducation solution.
For further insights into AU:TNE stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Boeing (NYSE:BA) Layoffs Expand, Start Hitting Multiple Factories
- Microsoft’s (NASDAQ:MSFT) New Computer is Exclusively a Cloud Machine
- Walmart (NYSE:WMT) Warns About Tariff-Driven Price Hikes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
