BUZZ-Australia's TechnologyOne hits record high on FY results beat

Reuters
2024-11-19
BUZZ-Australia's TechnologyOne hits record high on FY results beat

** Shares of TechnologyOne TNE.AX soar as much as 11% to a record high of A$29.71

** Enterprise software provider reports FY pre-tax profit of A$152.9 mln ($99.4 mln), up 18% from prior corresponding period and beating a 12%-16% growth outlook

** Posts total annual recurring rev of A$470.2 mln, up 20% PCP; declares full-year dividend of 22.45 AU cents

** Stock logs biggest intraday pct gain since March 17, 2020

** TNE has risen ~94.1% YTD

($1 = A$1.5382)

(Reporting by Archishma Iyer)

((Archishma.Iyer@thomsonreuters.com;))

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