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TechnologyOne announced solid 1H FY2022 results

May 24, 2022

TechnologyOne (ASX: TNE) has released its financial results for 1H FY2022 ended 31 March 2022.

  • Profit After Tax increased 18% to AU$33.2 million.
  • SaaS Annual Recurring Revenue increased 44% to AU$225.1 million.
  • Revenue from TNE’s SaaS and Continuing Business was up 21% to AU$169.5 million.
  • Cash and Cash Equivalents by the end of the period stood at AU$116.4 million, up 16% compared to the previous corresponding period (pcp).
  • TNE declared an interim dividend of 4.2 cents, up 10% on pcp.

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article 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.

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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.

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