TechnologyOne
(ASX:TNE) has posted its half year results for the six months to 31 March 2016.
Total revenue grew by 12 percent while underlying net profit was down 17 percent to $7.4 million.
The company has indicated the results are in line with its sales pipeline, which sees a strong weighting towards the second half of the financial year.
TechnologyOne has stated it will increase its fully franked half year dividend to 2.36 cents per share, up 10 percent on the prior year.
Other highlights include an 11 percent uptick in total consulting fees and $10.3 million in signed contracts for its cloud services solutions, an increase of $6 million on the previous period.
