Technology One Limited (TNE) reported its H1 FY2026 financial results, with significant growth in annual recurring revenue (ARR) and profit before tax. Despite forex headwinds, the company achieved record-breaking results on a constant currency basis.
Technology One continued its streak of 17 consecutive half-year records in ARR, total revenue, and profit before tax. SaaS and recurring revenue increased by 13% to AUD 299.2 million.
The shift to SaaS+ has accelerated, reducing traditional ERP implementation times and increasing recurring revenue streams. The company's SaaS+ model now underpins all new implementations.
Following the earnings release, Technology One's stock declined 3.25%, reflecting investor concerns over forex and market conditions.
Technology One upgraded its profit before tax margin guidance from 30% to 32% for FY2026, targeting long-term expansion to 35%.
CEO Edward Chung stated: "Despite the challenging forex environment, our constant currency performance underscores the robustness of our business model. We remain committed to delivering value to shareholders through strategic growth and innovation."
