Technology One Ltd. (TNE.AX,THNOF) Tuesday said that it is upgrading its outlook for fiscal 2026. The company now expects profit-before-tax growth of 18 percent to 20 percent, higher than the earlier given range of 13 percent to 17 percent. Annual Recurring Revenue growth is now expected to touch 16 percent to 18 percent.
The Australian enterprise software company said that it is now targeting the top end of the guidance range provided for both profit before tax and annual recurring revenue.
Commenting on the developments, Ed Chung, Technology One CEO said, "Driving this growth is the momentum of Saas+, the response to Plus and our excitement in new AI products that will shortly be launched."
In November 2025, the company's bottom line came in at A$137.645 million, or A$0.41 per share, higher than last year's A$118.014 million, or A$0.36 per share, last year.
The company's revenue for the period rose 18.4 percent to A$598.502 million from A$505.603 million last year.
On the Australian Stock Exchange, TNE.AX ended Tuesday's trading at A$ 23.50, up A$1.78 or 8.20 percent.
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