- Financial performance:**
- Profit before tax: AUD 81.9 million (+33%)
- Profit after tax: AUD 63.0 million (+31%)
- Total annual turnover: AUD 291.3 million (+19%)
- Free cash flow: AUD 24.0 million (+100%)
- SaaS growth:**
- Annual recurring revenue (ARR): AUD 511.1 million (+21%)
- ARR in the UK: AUD 43.1 million (+50%)
- SaaS and recurring revenue: AUD 265.0 million (+19%)
- Strategic developments:**
- Introduction of **SaaS+**, a new ERP solution with faster implementations.
- Increase long-term ARR targets to over AUD 1 billion by 2030.
- Growth in the UK market through new customers such as Islington London Borough Council.
- Strong customer retention with a Net Revenue Retention (NRR) of 118%.
- Acquisition:**
- Acquisition of CourseLoop for AUD 60 million to expand the SaaS offering in the higher education sector.
- Investments:**
- R&D investments: AUD 68.8 million (+21%), particularly in AI, app builders and digital platforms.
- Dividends and forecast:**
- Half-year dividend: 6.6 cents per share (+30%).
- Annual profit forecast raised: Growth target of 13% to 17% for 2025.
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TechnologyOne is a leading provider of **Enterprise Resource Planning (ERP) software** based in Australia. The company develops, markets and sells fully integrated software solutions to a range of industries including **government, education, financial services and utilities**.
TechnologyOne's main business areas include:
- **Software Development:** Delivering cloud-based ERP solutions via a **Software-as-a-Service (SaaS) platform**.
- Consulting & Implementation:** Supporting companies in the implementation and optimization of their ERP systems.
- **Research & Development:** Investing in new technologies such as **artificial intelligence and digital platforms**.
TechnologyOne is known for its **SaaS+ solution**, which enables faster implementation and greater efficiency for companies. The company is expanding internationally, particularly in the **UK**, and has recently acquired **CourseLoop** to expand its offering in the higher education sector.
*created with AI