Technology One – Buy Signal

Technology One now comes onto our radar following yesterday’s Algo Engine buy signal.

Technology One is one of Australia’s largest enterprise software services companies.

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Key results were as follows for 1H 20 earnings
 Profit after tax of $19.1m, up 6%
 Profit before tax of $25.9m, up 6%
 Revenue of $138.4m1, up 7%
 Expenses of $112.5m, up 7%
 SaaS Annual Recurring Revenue (ARR)2 of $110.2m, up 33%
 Cash Flow Generation of $9.9m, up 100+%
 Cash and Cash Equivalents of $84m, up 23%
 Dividend of 3.47cps, up 10%

We’ll review the full-year earnings in the coming weeks when they release their June numbers.

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