TechnologyOne lifts profit 15pc, targets unis, councils
Natasha GillezeauReporter
Updated
TechnologyOne has lifted full-year profits after tax 15 per cent as the company moves its customers to a recurring fee business model from one-off licensing fees to enhance its appeal to investors.
The ASX-listed enterprise software company reported revenue from continuing businesses of $293.6 million for the year ended September 30, up 9 per cent from $269.8 million previously, and net profit of $72.7 million.
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