Business
TechnologyOne lifts dividend 10pc as profit surges – The Australian Financial Review
The enterprise software-as-a-service company has told the market not to worry about its negative cash flow generation, saying it will be strong for the full year….
Growth in large enterprise SaaS contracts helped propel a 48 per cent jump in TechnologyOnes net profit, with the company delivering its 12th straight year of record first-half profit and revenue.
In the six months to March 30, TechnologyOne grew its large enterprise SaaS customers by 21 per cent to 576, signing on the likes of the federal Department of Agriculture, Water and the Environment, which it won over global tech giant SAP.
Revenue grew 5 per cent to $144.3 million, while net profit surged…
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