Technology One (ASX:TNE) has announced its financial results for the year ending 30 September 2024. The company recorded an 18% increase in revenue, reaching $506.536 million. Profits after tax rose by 15% to $118.014 million, and dividends were significantly increased.
Technology One has delivered a strong performance in FY24, marked by an 18% revenue growth to $506.536 million and a 15% increase in profit after tax. The company has enhanced shareholder returns with a higher interim and final dividend compared to the previous year. Their SaaS and continuing business revenue saw a substantial rise of 19%, underscoring the company's strategic focus on these areas, while legacy license revenue declined. The improved NTA backing per share and increased EPS reflect the company's solid financial health. The Board has set final dividend entitlements for 29 November 2024, with payment on 13 December 2024. Technology One is committed to simplifying processes for its stakeholders, aligning with its mission statement.
Making life simple for our community.