0036 GMT - Technology One is unlikely to offer any surprises with its outlook at next month's annual result announcement, Bell Potter analyst Chris Savage reckons. He tells clients in a note that he expects the Australian software company to provide its usual general outlook comments around the strength of its outlook, and to reiterate its annual recurring revenue targets for 1H fiscal 2025 and for fiscal 2030. The outlook is likely to imply annual topline growth of about 15%, he adds. Savage sees some potential for better-than-expected outcomes for fiscal 2024 pre-tax profit and cashflow, but maintains a hold rating on the stock. Bell Potter keeps a A$24.00 target price. Shares are down 0.6% at A$24.27. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 22, 2024 20:36 ET (00:36 GMT)
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