Australia’s largest enterprise Software as a Service (SaaS) company, TechnologyOne (ASX:TNE) today announced its financial results for the half-year ended 31 March 2019, showing continuing strong growth with net profit before tax of $24.5 million up 130 per cent .
This was underpinned by the fast growth of the TechnologyOne enterprise SaaS solution.
With revenue of $129.3 million, up 5 per cent
TechnologyOne CEO Mr Edward Chung say they are on track to deliver net profit before tax over the full year of $71.6 million to $76.3 million.
They are offering a dividend of 3.15 cents per share up 10 per cent.
Shares in TechnologyOne (ASX:TNE) were 2.69 per cent lower at $9.05 yesterday.