23/11/2023 09:09

Technology One Ltd (TNE) $15.70

TNE delivered a strong FY23 result this week, which initially propelled the stock towards its all-time high on solid headline numbers, e.g. revenue of $430mn was 3% better than expected, and UK growth at 51% YoY was a highlight. However, costs came in 6% higher than was forecast, which has been a common theme through 2023,.

Read more

10/11/2023 09:48

Technology One (TNE) $15.60

Demand for TNE’s enterprise software solutions has remained a beneficiary of the growing global digital transition as companies/Governments upgrade legacy IT footprints – the company reports on the 21st of this month.

Read more

06/10/2023 09:27

Technology One Ltd (TNE) $15.57

Technology One closed up +1.5% yesterday after a relatively limited pullback over the last few weeks. We haven’t changed our stance towards TNE for months; we’re still targeting a test of $18 into Christmas.

Read more

26/09/2023 09:02

Technology One (TNE) $15.87

Occasionally, a chart pattern looks so good that we stand up and take note, even if we think the company is overvalued for the type of earnings profile it has.  In the case of TNE, we do like the business, just question the more subjective measure of valuation.  The stock caught our attention yesterday, closing up +4%, making it the second best-performing stock on the ASX200.

Read more

17/08/2023 09:13

Technology One (TNE) $14.79

TNE has been on our radar for a few months as it pulls back from its early June high, demand for their enterprise software solutions has remained very strong, and much like our thesis to own Microsoft, TNE is a major beneficiary of the growing digital transition as companies/Governments upgrade legacy IT footprints – TNE’s next scheduled report is in November.

Read more

17/03/2023 09:10

Technology One Ltd (TNE) $14.12

This HR & asset management SaaS company is an active growth story that continues to deliver with over 90% of its revenue reoccurring, the only issue is around extrapolating growth moving forward but its targeted Annual Reoccurring Revenue (ARR) in excess of $500mn by FY26 looks achievable making its current 46x valuation high, but not unjustified. • We like TNE but the risk/reward isn’t exciting unless we see a repeat of its $3 correction witnessed in H2 of last year.

Read more

09/09/2022 09:24

Technology One Ltd (TNE) $11.64

TNE rallied another +3.1% yesterday, the company delivered a strong 1st half result in May, the HR & asset management SaaS company saw annual recurring revenue (ARR) rise 44% on last year to $225m while its Profit Before Tax (PBT) was up 14% to $42.5m. We liked their report and especially strong guidance making the stock an ideal selection for MM when / if the Tech Sector commences a rally into, and beyond Christmas.

Read more

04/08/2022 09:38

Technology One (TNE) $12.30

TNE delivered a strong 1st half result in May, the HR & asset management SaaS company saw annual recurring revenue (ARR) rise 44% on last year to $225mn while its Profit Before Tax (PBT) was up 14% to $42.5mn. The company reiterated long-term guidance of $500m ARR by FY26, and provided FY22 guidance that looks conservative given the first-half...

Read more

24/05/2022 17:01

Technology One (TNE) $10.24

TNE -1.63%: first-half results were out for the HR & asset management SaaS business today with shares tracking lower despite a positive presentation. Annual Recurring Revenue (ARR) was up 44% on last year to $225m and Profit Before Tax (PBT) was 14% higher to $42.5m, both a small beat to expectations. Cashflow was weak, attributed to further R&D expenditure, though that is expected to normalize. The company reiterated..

Read more

25/01/2022 09:25

Technology One (TNE) $10.67

TNE is Australia’s largest enterprise software company with over 1200 large companies as clients from universities to local councils who we feel will be “sticky” through tougher economic times. The stocks fallen 25% in sympathy with the sell-off in high risk names but the companies still delivering earnings growth with profit up over 30% last year, interestingly Macquarie...

Read more