Technology One Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Technology One (ASX:TNE) Full Year 2024 Results

Key Financial Results

• Revenue: AU$506.5m (up 18% from FY 2023).
• Net income: AU$118.0m (up 15% from FY 2023).
• Profit margin: 23% (in line with FY 2023).
• EPS: AU$0.36 (up from AU$0.32 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Technology One Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Technology One's balance sheet health.

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