0103 GMT - Technology One's annual result supports Jefferies analysts' view of improving momentum at the Australian enterprise software provider's U.K. business. The analysts say that 31% annual recurring revenue growth off a larger base chimes with the findings of their earlier conversations with software-as-a-service sales consultants and Technology One customers. Technology One's annual pretax profit was slightly stronger than Jefferies analysts had expected. They tell clients in a note that they retain a buy rating on the stock. Jefferies has a last-published A$29.00 target price. Shares are up 12% at A$30.08. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 18, 2024 20:03 ET (01:03 GMT)
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