PROFIT INCREASE FOR BRISBANE’S TECHNOLOGYONE
Written on the 21 November 2011
ASX-LISTED TechnologyOne (ASX:TNE) today announced a 14 per cent jump in net profit to $20.3 million for the year ending September 30, 2011.
The Fortitude Valley-headquartered software company’s revenue increased 15 per cent to $156.7 million off the back of record revenues and licence fees during the period.
Di Marco believes the company’s investment in a new preconfigured solution business is bearing fruit.
The company has agreed to pay final and special dividends for the year totalling 6.12 cents a share – up 7 per cent on the previous period.
TechnologyOne shares opened slightly down today at $1.08 per unit.