Australia's TechnologyOne hits record high on FY results beat

TECHNOLOGY ONE

19/11/2024 24:50

** Shares of TechnologyOne  TNE.AX  soar as much as 11% to a
record high of A$29.71
    ** Enterprise software provider reports FY pre-tax profit of
A$152.9 mln ($99.4 mln), up 18% from prior corresponding period
and beating a 12%-16% growth outlook
    ** Posts total annual recurring rev of A$470.2 mln, up 20%
PCP; declares full-year dividend of 22.45 AU cents
    ** Stock logs biggest intraday pct gain since March 17, 2020
    ** TNE has risen ~94.1% YTD

($1 = A$1.5382)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))