Australia's TechnologyOne hits record high on upbeat results

TECHNOLOGY ONE

20/05/2025 03:32

** Shares of TechnologyOne TNE.AX rise 13.7% to all-time high of A$37.54

** Stock on track for strongest trading session since late August 2006

** Enterprise software co logs HY profit after tax of A$63 million ($40.58 million), up 31%

** Also expects profit before tax growth of 13%-17% for FY25 vs 18% growth in FY24

** UBS sees report as "another strong result" but says guidance looks conservative; brokerage expects 18% profit growth in FY25

** Stock up 19.2% YTD, including current session's moves

($1 = 1.5523 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))