The chief executive of listed software group TechnologyOne says its investment in a new business model to take on bigger enterprise giants such as SAP and Accenture is paying off, after it delivered better than expected earnings growth.
The Brisbane-based company surprised investors with a dividend increase, sending the stock rallying 11 per cent to $29.61 and valuing the business at $9.7 billion.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
