0453 GMT - Technology One's lack of U.S. exposure and high-quality customer base makes the enterprise-software provider Wilsons' preferred Australian tech pick amid tariff-generated uncertainty. The broker's analysts marginally rate the stock ahead of Xero, preferring Technology One's sticky government and education clients over the cloud-accounting provider's top-level recurring revenues. They tell clients in a note that they naturally lean toward larger-cap tech companies given greater liquidity in their stock, lower likelihood of drawing on equity markets for growth capital, and better operational flexibility. Data-center operator NextDC is their No. 3 Australian tech pick. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 00:53 ET (04:53 GMT)
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