TechnologyOne reports record revenues

Company News

TechnologyOne Limited (ASX:TNE) has announced record revenues for the twelfth consecutive year in its results for the year ended 30 September 2015.
 
The enterprise software company reported a 16 percent increase in net profit before tax to $46.5 million.
 
TechnologyOne attributed revenue growth to a 17 percent increase in licence fees, supported by growth of 200 percent in its cloud business.
 
The company noted the addition of more than 50 new enterprise customers and 49 new signings for its Software as Service offering.
 
Executive Chairman Adrian Di Marco described 2015 as a transformational year for the company