TechnologyOne Achieves Record High After Surpassing Profit Expectations

Reported about 21 hours ago

TechnologyOne, an Australian enterprise software company, saw its shares surge to an all-time high after reporting first-half earnings that exceeded analyst estimates. The stock rose 12.7% to A$37.2 per share, leading gains on the ASX200 index. The company reported a pre-tax profit of A$81.9 million for the first six months, significantly higher than the expected A$77 million, with a forecast for continued profit growth in the coming fiscal year.

Source: YAHOO

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