Technology

Highlights

Australian tech shares fell sharply on Wednesday, with the sector losing as much as 1.5% during intraday trading — its largest single-session percentage loss since May 7. The selloff mirrored weakness on Wall Street, where investor sentiment was weighed down by concerns over an …

TechnologyOne Ltd (ASX: TNE)shares surged to a record high following the release of its first-half FY2024 results, trading at A$37.20 as of 03:00 GMT up 12.7% on the day making it the top gainer on the ASX200 index, which rose 0.5%. Th company reported …

Highlights

Gentrack Group Ltd (ASX: GTK)shares moved lower on Monday, falling 5% to AU$10.58 following the release of the company’s half-year financial results to 31 March 2025. The market response reflects a contrast between sound financial performance and elevated investor expectations after a period of …

Shares ofXero Ltd (ASX: XRO)recovered on Thursday, reversing early session losses to end higher after investors digested the company’s FY25 earnings results and forward guidance. While the initial market reaction was negative due tounderwhelming earnings and expense guidance, sentiment shifted as brokers highlighted stronger-than-expected …

Shares ofAppen Ltd (ASX: APX)jumped18% to A$1.45on Friday morning following the company’sannual general meeting, where it provided updated financial guidance and longer-term growth targets. The rise reflects investor response to a more optimistic near-term and strategic outlook, particularly around AI-driven opportunities and international expansion.