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Highlights
- Gains in IT and mining sectors were offset by losses in the consumer, healthcare, and banking sectors today (23 August 2022).
- ASX 200 Information Technology index was 0.19% up at 1,519.30 points on at 2.51 PM AEST.
ASX 200 dropped below 7000 for the first time in nearly two weeks today (23 August 2022) as it was 1.03% or 72.80 points down at 6,974.20 points at 2.49 PM AEST.
Gains in the IT and mining sectors were offset by consumer, healthcare, and banking losses. ASX 200 Information Technology index was 0.19% up at 1,519.30 points on at 2.51 PM AEST.
Sectorally, Consumer staples was the worst performing sector, and energy was the best performing sector today at 2.51 PM AEST.
US stocks also faced losses in anticipation of the Federal Reserve's annual symposium this week at Jackson Hole. Investors continued to tread carefully and kept their distance from risky assets on Monday (22 August).
In technology sector, Apple Inc decreased by 2.30%, Microsoft Corporation fell by 2.94%, and Taiwan Semiconductor Manufacturing Company Limited (TSM) dropped by 2.25%.
In this article, we at Kalkine Media® will discuss the performance of a few ASX-listed tech shares in the last one month.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX
Xero Limited
Xero (ASX:XRO) is a global small business platform that offers a core accounting solution, payroll, workforce management, spending, and projects. The company provides an ecosystem of more than 1,000 connected apps, access to financial services, and more than 300 linkages to banks and other financial institutions.
Xero's operating revenue for the full year of 2022 climbed by 29% to AU$1.1 billion.
Strong subscriber growth, average revenue per user (ARPU) jump of 7%, and monthly churn (0.90%), which has been lower than levels recorded before the start of COVID-19 pandemic, all contributed to the total LTV rising 43% to NZ$10.9 billion. LTV/CAC was 6.9, demonstrating the company's success in generating returns.
Shares of Xero were trading 1.22% lower today at AU$86.59 per share at 3.55 PM AEST. However, in the last one month, the company's shares have decreased by 4.07%.
WiseTech Global Limited
WiseTech (ASX:WTC) updated its FY22 outlook on 15 July and said in an ASX release that the company is anticipating the high end of the guided revenue range of AU$600 million to AU$635 million for FY22. The ASX announcement added that the estimated range for EBITDA is improved to AU$310 million to AU$320 million from AU$275 million to AU$295 million.
The company is set to release its fully audited statutory results tomorrow (24 August).
WiseTech Global's shares were trading 0.88% lower at AU$53.12 apiece on ASX today at 3.55 PM AEST. However, the shares have grown 9.85% positively in the last one month.
Computershare Limited
Stuart Irving, the CEO of Computershare (ASX:CPU), said on 9 August, 2022 that the business exceeded expectations in terms of full-year management earnings. An increase in client fee income has offset the decline in transaction revenues.
Irving claimed that by strictly controlling costs and taking advantage of increasing interest rates, the impacts of inflation were mitigated.
The investments in the high-quality worldwide businesses of the company are resulting in growth, with management revenue increasing by over 12%, including Computershare Corporate Trust. Employee stock purchase programs and issuer services continue to grow in popularity.
In an ASX filing, it was mentioned by Computershare that the transaction-based revenues in corporate actions were affected by the instability which hit the market in the second-half.
Despite a positive outlook, Mortgage Services in the US performed poorly, while Computershare's free cash flow and balance sheet grabbed everyone’s attention. The company has a free cash flow of AU$322.6 million with a 60% cash conversion.
Computershare shares were trading at AU$24.40 per share, down 0.75% on ASX today at 3.56 PM AEST. The company's shares have dropped by 4.26% in the last one month.
Image Source: © Pattanaphongphoto | Megapixl.com
Connexion Telematics Ltd
Connexion Telematics (ASX:CXZ) shared its Q4 FY22 results yesterday (23 August) for the period ended on 30 June 2022.
For the Courtesy Transportation Programs of Cadillac and General Motors, also known as the Courtesy Transportation Alternative (CTA), the company continued to offer its Software as a Service (SaaS) solutions, the OnTRAC and Connexion platforms.
With the aforementioned factors taken into consideration, Connexion produced increased profitability throughout Q4 FY22, with a net profit before tax of US$180k compared to a net profit before tax of US$89k for Q3 FY22.
This was made possible by a gross profit in Q4 FY22 of US$795k, which was 20% more than the gross profit in the prior quarter of US$661k.
Connexion shares were trading flat at AU$0.012 apiece on ASX today at 3.56 PM AEST. However, the shares have grown by 20% in the last one month.
NEXTDC Ltd
ASX-listed company NEXTDC Limited (ASX:NXT) is involved in the construction and management of data centers. NEXTDC primarily offers connectivity services, infrastructure management software services, and solutions for outsourcing data centers.
Highlights of NEXTDC’s 1HFY22 results:
- Revenue from data centers climbed AU$22.9 million (19%) to AU$144.5 million from AU$121.6 million in the 1H FY21.
- Underlying EBITDA rose to AU$85.0 million, which was AU$65.7 million in 1H21.
- To reach AU$69.5 million, operating cash flow increased by AU$5.9 million.
- Cash and undrawn credit facilities totalling AU$2.1 billion as of 31 December 2021.
Meanwhile, shares of NEXTDC were trading 0.62% lower today at AU$11.15 each at 3.57 PM AEST. NEXTDC’s shares have went down around 3% in the last one month.
