Technology One Ltd's stock fell sharply by 6.48% during intraday trading on Thursday.
The decline came as Australian technology shares broadly retreated, tracking overnight losses in Wall Street software stocks. Major U.S. tech companies like Microsoft and Alphabet reported declines of around 2%, which weighed on the local sector.
Technology One was among the notable fallers, with the selloff reflecting broader investor caution towards software stocks amid the global market weakness.
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