TechnologyOne announced record FY2022 results; shares up ~5% on ASX

TechnologyOne (ASX: TNE) has released its FY2022 results for the period ended 30 September 2022. The Company made record profits in FY2022, and it is its thirteenth consecutive year of record profit, revenue, and SaaS fees.

FY2022 Highlights:

1. Profit After Tax increased 22% to AU$88.8 million compared to the previous corresponding period (pcp).
2. Profit Before Tax increased 15% to AU$112.3 million on pcp.
3. SaaS Annual Recurring Revenue improved 43% to AU$274.2 million on pcp.
4. Total Revenue grew 18% to AU$369.4 million.
5. Cash and Cash Equivalents by the end of FY2022 stood at AU$175.9 million, up 22% compared to FY2021.
6. Total Dividend for the period was AU 17.02 cents, including a special dividend of 2.0 cents per share. 

At AEDT 11:54 AM, TNE shares are trading at AU$12.960, up 4.939% from the previous close. 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com