Technology One on Track to Beat Revenue Goal -- Market Talk

Dow Jones

2024-11-19

2333 GMT - Technology One's annual result shows the Australian software provider is on track to beat its accelerated revenue goal, Wilsons analysts tell clients. The company reported A$472 million in annual recurring revenue for its 2024 fiscal year, which analysts Ross Barrows and Lachlan Woods point out is within reach of its A$500 million target for the first half of fiscal 2025. Technology One has already brought that target forward from the end of fiscal 2025, they remind clients in a note. The pair see the fiscal 2024 result as very strong. Wilsons has a last-published overweight rating and A$22.28 target price on the stock. Shares are up 7.25% at A$28.70. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 18, 2024 18:33 ET (23:33 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The company reported A$472 million in annual recurring revenue for its 2024 fiscal year, which analysts Ross Barrows and Lachlan Woods point out is within reach of its A$500 million target for the first half of fiscal 2025. Technology One has already brought that target forward from the end of fiscal 2025, they remind clients in a note. The pair see the fiscal 2024 result as very strong. Wilsons has a last-published overweight rating and A$22.28 target price on the stock. Shares are up 7.25% at A$28.70. 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(stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 18:33 ET (23:33 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TNE.AU","symbol_name":"TECHNOLOGY ONE LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484935164","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484935164","pubTimestamp":1731972780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2333 GMT - Technology One's annual result shows the Australian software provider is on track to beat its accelerated revenue goal, Wilsons analysts tell clients. 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