Technology One Net Profit Soars up 208% in FY 2019

  • Nov 19, 2019 AEDT
  • Team Kalkine
Technology One Limited (ASX: TNE) is pleased to announce its financial results for the year ended 30 September 2019, showing strong growth with profit increased by 208% compared to the prior year. A few highlights of the results on AASB15 Statutory basis are as follows:
  • Net Profit Before Tax of $76.4m, up 208%.
  • The company’s SaaS Annual Recurring Revenue increased by 44% to $102 million on the prior year.
  • Technology One revenue rose by 13 per cent to $286 million.
  • The company can cut down its expenses by 9 per cent to $210 million.
  • Cashflow Generation3 of $45m, down 14%.
  • Cash and cash equivalent of the company stood at $105 million.
  • TNE has declared a total dividend of 11.93 cents per share, showing an 8 per cent increment over the previous year.
  • R&D investment of $60m before capitalisation, up 11%, which is 21% of revenue

 

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