FedGov wins buoy TechnologyOne's record first half : vimarsa

FedGov wins buoy TechnologyOne's record first half


Software-as-a-service ERP specialist TechnologyOne has reported record revenue and profit for the first half, thanks to big wins with the Federal Government.
In the half-year ended 31 March 2021, TechOne reported revenue of $144.3 million, up 5 percent year over year, and profit after tax of $28.2 million, up 48 percent. Annual recurring SaaS revenue is also up 41 percent to $155.8 million.
TechOne chief executive Edward Chung said it was the company’s 12th year of record first half profit, revenue and SaaS fees.
Chung credited the results to TechOne’s recent momentum in the federal government sector.
“We had many significant wins in the first half. Momentum in the Federal Government sector

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