Key Highlights

  • TechnologyOne (ASX:TNE) closed at $32.65 on 6 November 2026, down 1.54%, while the S&P/ASX 200 Info Tech index fell 0.78%.
  • Record H1 FY26 ARR reached $598.0 million, up 17%, and profit before tax rose 9% to $89.1 million.
  • The company declared a record Interim Dividend of 8.0 cents per share, up 21%, and reaffirmed its upgraded FY26 guidance.

TechnologyOne Limited (ASX:TNE) closed at $32.65 on 6 November 2026, down 1.54% for the trading session. The S&P/ASX 200 Info Tech index (XIJ) closed at 1,783.50, down 14.10 points or 0.78%. The S&P/ASX 200 finished at 9,020.80, up 0.49%, and the All Ordinaries closed at 9,144.70, up 0.66%. TechnologyOne is an Australian enterprise resource planning (ERP) software company that sells software as a service to government and enterprise customers.

Latest Developments

H1 FY26 Half-Year Results (19 May 2026)

TechnologyOne released its half-year results for the six months to 31 March 2026 on 19 May 2026. It reported a record profit before tax of $89.1 million, up 9%, and a profit after tax of $66.8 million, up 6%. The effective tax rate for the half was 25%.

Annual Recurring Revenue reached $598.0 million, up 17%. SaaS and recurring revenue was $299.2 million, up 13%, and total revenue was $322.7 million, up 11%. Total expenses rose 12% to $233.6 million. Net revenue retention and Rule of 40 measures were also reported, with Rule of 40 at 55%.

Dividend and Guidance (19 May 2026)

The board declared a record interim dividend of 8.0 cents per share, up 21%. The company reaffirmed the upgraded full-year FY26 guidance it issued at its February AGM. Chief Executive Ed Chung said the company was moving 1,200 on-premise customers to SaaS and had entered the UK market.

About the Company

TechnologyOne sells ERP software for local government, education, utilities and other public and private organisations. Its SaaS+ model combines cloud delivery with ongoing services, and the company has built AI products on top of its platform. It describes itself as Australia's largest ERP software as a service company.

Sector Context

ERP software is a long-cycle market, with customers typically making large, multi-year decisions about core systems. The shift from on-premise licences to SaaS has driven recurring revenue growth for vendors, and AI features are increasingly part of product competition. Public sector budgets also influence Demand in government-focused software businesses.

Risks to Watch

Growth depends on converting the pipeline of SaaS and AI products into contracted revenue. Competition from larger global ERP vendors, particularly in the UK, is a stated challenge for the company's expansion. Implementation complexity and the migration of existing customers can also affect timing.

Because the interim period ended on 31 March 2026, the most recent results shown in this article are several months old at the time of the 6 November session.

Catalysts on Watch

The full-year FY26 result and the outlook for FY27 are the next key disclosures. Investors may also track ARR growth, the pace of SaaS migration, AI product adoption and the progress of the UK business.

Closing Remarks

TechnologyOne reported record first-half profit, ARR and revenue, and reaffirmed its upgraded guidance. Its shares closed at $32.65 on 6 November 2026, down 1.54%, a larger decline than the Info Tech benchmark. The company's full-year result will provide an updated view of the business.