TechnologyOne (ASX:TNE) Builds SaaS Revenue Ahead of Scheduled Full-Year Results

Aditi Sarkar

12 November 2026 08:50 PM AEDT

TechnologyOne (ASX:TNE) Builds SaaS Revenue Ahead of Scheduled Full-Year Results

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

TechnologyOne increased H1 FY26 annual Recurring Revenue 17% to AUD 598 mn as its SaaS Business expanded.
First-half profit before tax rose 9% to AUD 89.1 mn, while statutory total revenue increased 11%.
The company reported UK annual recurring revenue of AUD 53 mn, up 23%, and net revenue retention of 114%.
TechnologyOne reaffirmed FY26 profit growth guidance of 18–20% before its scheduled 17 November results release.

A record half-year recurring revenue base has placed Technology One Limited (ASX:TNE)’s next results in focus. The enterprise software provider reported AUD 598 mn of annual recurring revenue for the six months ended 31 March 2026, with profit before tax up 9%. Its latest available half-year report also reaffirmed a higher full-year profit growth target, although the FY26 annual results are not scheduled for release until after 12 November.

Recurring Software Revenue Continues to Expand

Annual recurring revenue rose 17% to AUD 598.0 mn in H1 FY26, while SaaS and other recurring revenue increased 13% to AUD 299.2 mn. Total revenue advanced 11% to AUD 322.7 mn. The company recorded net revenue retention of 114%, a measure of recurring revenue performance from existing customers. UK ARR climbed 23% to AUD 53.0 mn, showing the contribution of the company’s international market. These measures are from its May half-year release and should not be presented as FY26 full-year outcomes.

Profit and Investment Share the Same Period

Profit before tax increased 9% to AUD 89.1 mn and profit after tax rose 6% to AUD 66.8 mn. TechnologyOne described planned investment around its Showcase event and product strategy as influencing the timing of first-half profitability. Research and Development investment before Capitalisation reached AUD 84.1 mn, up 22%, equal to 26% of total income. Free Cash Flow was AUD 20.3 mn, down 15%, while cash and investments stood at AUD 245.5 mn. Its Interim Dividend increased 21% to eight cents per share.

SaaS+ and AI Guide Product Development

TechnologyOne continued to develop its SaaS+ delivery model, which aims to reduce enterprise software implementation times, and added AI products within its enterprise resource planning platform. Its announced AI offerings include Plus and Guide, designed for organisational workflows and services. In its half-year commentary, the company highlighted local government and education customers as important operating sectors. It named several council customer wins and new education agreements. These products and contracts are part of the disclosed product strategy; ambitions for adoption, efficiency or growth remain forward-looking until achieved.

November Results Remain Ahead

Management reaffirmed its FY26 guidance for profit-before-tax growth of 18–20% and ARR growth of 16–18%, with a target of reaching the top end of both ranges. It also targeted a full-year PBT Margin of about 32%. The group’s calendar schedules its full-year FY26 results for 17 November 2026, five days after the article date. Consequently, the annual numbers cannot be treated as published here. Investors will be able to compare the stated May targets against the completed year when the official results become available.

TechnologyOne shares closed at AUD 32.16 on 12 November 2026, falling 2.13%. The session high was AUD 33.41 and the low was AUD 32.07.

FAQs

Q: What was TechnologyOne’s H1 FY26 ARR?

A: AUD 598.0 mn, up 17% year on year.

Q: What was its first-half profit before tax?

A: AUD 89.1 mn, up 9%.

Q: When are its FY26 annual results scheduled?

A: 17 November 2026, after the article date.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.