Australia's TechnologyOne pushes tech stocks higher

TECHNOLOGY ONE

20/05/2025 04:14

** Australia's technology stocks .AXIJ up 1.9%

** Enterprise technology co TechnologyOne TNE.AX rises as much as 13.8% to a record high after it logged a 31% jump in HY profit after tax

** TNE is the top gainer on the sub-index as well as on the ASX 200 benchmark index .AXJO which is up 0.4% as at 0312 GMT

** Finance-focussed software provider Iress IRE.AX up 2.7%; top gainer on the sub-index and the benchmark index

** Sub-index flips to TD gain of 0.4% from 1.2% decline, while the benchmark index is up 2.08%

($1 = 1.5526 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))