Aussie TechnologyOne up after co says customers not hit by cyber incident

TECHNOLOGY ONE

12/05/2023 06:13

** Shares of Australia's TechnologyOne Ltd  TNE.AX  rise as
much as 2% to A$14.950, set to mark best day since April 11, if
current gains hold 
    ** Stock hits highest since May 2  
    ** Enterprise software maker says customers have not been
impacted by the cyber incident that happened regarding co's
internal Microsoft 365 back-office system  on May 10 
    ** Co reaffirms that its internal back-office system was
isolated to contain the cyber incident and the system was
successfully restored and is fully operational
    ** Says third-party cyber security experts have confirmed
co's Microsoft 365 system is secure and there has been no
further illegal activity detected 
    ** TNE has risen ~12% YTD, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))