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Highlights
- The year 2022 has been unfavourable for tech investors so far.
- The tech shares are almost 34% down on a YTD basis.
- However, information technology was one of the top perfoorming sectors on ASX today at 12.23 PM AEST.
The S&P/ASX All Technology Index (ASX:XTX) index was 1.33% up at 2,024.60 points at 12:14 AEST today (Thursday). The index closed 1.41% higher at 1,998.00 points on Wednesday (13 July 2022).
The year 2022 has been unfavourable for tech investors so far as the tech shares have fallen almost 34% on a YTD basis. It seems that the tech index has touched its lowest level and it might go up gradually.
Notably, most sectors are trading in green today and information technology was one of the top sectors at 12.23 PM AEST.
On the other side, after US markets ended lower in overnight trade, the Australian stock market opened unchanged on Thursday (14 July 2022). At the opening, the benchmark ASX 200 index dropped 1.40 points to 6,623. However, at 12.23 PM AEST, the overall ASX market was 0.30% up at 6,641.30 points.
In this article, we will focus on the performance of four leading ASX technology companies which are involved in software and services and hardware and equipment services. These companies include Computershare Limited, Xero Limited, Technology One Limited and Dicker Data Limited.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website
Computershare Limited
Computershare (ASX:CPU) is an ASX-listed firm which is focused on allowing businesses to interact with and manage their wide range of stakeholders, including members, customers, employees, and individual and institutional investors.
Shares of Computershare were trading 1.89% higher at AU$24.91 each on ASX today at 12.41 PM AEST. The company has recorded a growth of around 25% YTD. The company has a current market capitalisation of AU$14.76 billion.
Xero Limited
Software as a service (SaaS) company Xero Limited (ASX:XRO) provides accounting software that runs in the cloud.
Xero shares were spotted trading at AU$85.79 apiece, up 0.46% on ASX at 12.42 PM AEST. The company’s shares have fallen almost 40% on a YTD basis. Xero has a current market capitalisation of AU$12.78 billion.
Image Source: © Adiruch | Megapixl.com
Technology One Limited
Australia-based Technology One (ASX:TNE) is engaged in developing, marketing, sales, implementing, and supporting integrated enterprise business software solutions. The company's business is divided into three segments: corporate, consulting, and software.
At 12.44 PM AEST, Technology One shares were 2.09% higher, trading at AU$11.25 per share on ASX. The company has recorded negative growth of around 12% on a YTD basis. Technology One's current market capitalisation stands at AU$3.56 billion.
Dicker Data Limited
An Australian company Dicker Data (ASX:DDR) distributes computer hardware, software, and cloud services. The company offers a number of solutions, such as access and surveillance, data centre, accessories, backup and recovery, business applications, business monitors, cloud, gaming, and Internet of Things (IoT), among many others.
Dicker Data shares were spotted trading at AU$12.74 apiece, up 2.17% on ASX today at 12.47 PM AEST. The company's shares have fallen around 14% YTD, and its market capitalisation is AU$2.15 billion.
