ASX:TNESoftware
Why Technology One (ASX:TNE) Is Down 8.9% After Upgrading FY26 Profit Outlook And Dividend
Technology One recently reported its seventeenth consecutive record first-half profit, with annualised recurring revenue rising 17% to A$598 million in the first half of FY2026 and an upgraded full-year profit before tax growth outlook of 18–20%.
The company’s successful SaaS+ expansion, growing UK public sector and education footprint, and a 21% interim dividend increase highlight management’s confidence in the business’s earnings profile despite broader sector volatility.
Against this...