Australia's TechnologyOne rises after brokerages flag solid growth outlook

TECHNOLOGY ONE

20/05/2026 04:34

Updates

** Shares of TechnologyOne rise as much as 9.3% to A$30.38, staging a sharp rebound from losses in the previous session, marking their strongest intraday advance since February 18

** Stock leads gains on the ASX200 .AXJO, with the benchmark index up 1.2%

** Jefferies says TNE reported "good" half-yearly results adding revenue ex-interest is 4% below Visible Alpha consensus, likely due to forex changes; operating profit numbers all in line with consensus

** Morningstar believes co can increase revenue at a strong low-double-digit growth over the next decade, through upselling existing customers, the local government segment

** YTD, TNE has climbed 6.4%, outperforming AXJO, which is down 2.4%

 (Reporting by Aamir Sheik Khalid and Kumar Tanishk in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))