Australia's TechnologyOne climbs to two-week high on annual outlook upgrade

TECHNOLOGY ONE

18/02/2026 24:14

** Shares of TechnologyOne TNE.AX rise as much as 10.8% to A$24.07, their highest level in two weeks

** Stock posts its steepest intraday pct rise since May 20, 2025

** The enterprise software provider upgrades outlook for FY26 profit before tax to a rise of 18% to 20% from their prior range of 13% to 17%

** Also upgrades annual recurring revenue growth of 16% to 18%

** Stock down 15.5%, YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))