Highlights

  • TechnologyOne created executive vice president roles for Regulated Industries and Government, giving four industry-vertical Leadership positions.
  • Chief financial officer Cale Bennett moved into the Regulated Industries role, with Giovanni Rizzo appointed acting CFO.
  • Management maintained FY26 guidance for 18% to 20% profit before tax growth, targeting the top end.
  • Annual Recurring Revenue reached A$598.0 million at 31 March 2026, up 17% on the prior corresponding period.

Ten weeks before the close of its financial year, Technology One (ASX:TNE) reorganised its senior ranks around the industries it sells into, while telling investors its upgraded FY26 targets remained in place.

The enterprise software company, which trades as TechnologyOne, said on 16 July 2026 that the Business was performing to expectations. It is now heading towards its result for the year ended 30 September 2026.

Four Verticals, Each With One Accountable Executive

The restructure added executive vice president positions for Regulated Industries and Government, alongside existing dedicated leadership in Local Government and Education. Each role brings industry strategy, product direction, go-to-market, sales, implementation and customer outcomes under a single executive. The company linked the change to its growing scale in core markets and the need to accelerate AI adoption.

Cale Bennett, chief financial officer for three years, became EVP Regulated Industries on 1 August 2026, overseeing the Asset Intensive, Health and Community Services, and Corporate and Financial Services groups. Investor relations general manager Giovanni Rizzo stepped in as acting CFO while a permanent search continues, and recruitment for the Government role is under way.

A further change followed in August, when Hansen Technologies named TechnologyOne's chief operating officer of nine years, Stuart MacDonald, as its next chief executive from 19 November 2026.

SaaS+ and AI Shaped the First Half

For H1 FY26, the six months to 31 March 2026, total revenue rose 11% to A$322.7 million and profit before tax increased 9% to A$89.1 million. Net profit after tax climbed 6% to A$66.8 million, and the Interim Dividend rose 21% to 8.0 cents per share. Cash and investments totalled A$245.5 million, with no debt.

Annual recurring revenue reached A$598.0 million, including A$53.0 million in the UK, where ARR rose 23%. The company estimated that its SaaS+ model, which bundles implementation and support into recurring fees, reduced the half's profit Margin by about two percentage points while lifting the value of new ARR. Its AI offering includes the agentic product Plus, the conversational tool Guide and in-product features released in April 2026.

Targets for FY26 and Beyond

Guidance upgraded at the February 2026 AGM calls for FY26 profit before tax growth of 18% to 20% and ARR growth of 16% to 18%, with the company aiming for the top of both ranges. It also targets a two-point improvement in profit before tax margin to 32% and free Cash Flow equal to net profit. Management said these targets include all Investment in AI, Showcase and SaaS+.

Over the longer term, TechnologyOne is pursuing ARR of more than A$1 billion by FY30 and a group profit before tax margin of 35% or more.

Shares were priced at A$31.49 on 2 November 2026, down 0.76% on the day, giving a Market Capitalisation of A$10.31 billion.