2331 GMT - Goldman Sachs analysts will parse Technology One's first-half result for news of what the enterprise-software provider plans to do with its cash pile. They point out in a note to clients that the Australia-listed company had A$279 million in cash and no debt at the end of its last fiscal year. They wonder whether capital management could be in the cards, and would like to hear more on Technology One's M&A strategy. Among other points of interest is whether broader economic uncertainty has had any effect on customers' budgets. GS has a "neutral" rating and A$26.90 target price on the stock, which is at A$32.29 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 19:31 ET (23:31 GMT)
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