TechnologyOne Ltd (ASX:TNE) shares are soaring 7.27% in Tuesday's trading session, following the release of its impressive fiscal first-half results and an optimistic outlook for the full year 2025. The Australian enterprise software company's performance has exceeded market expectations, driving investor enthusiasm.
For the six months ended March 31, TechnologyOne reported earnings per diluted share of AU$0.1908, up from AU$0.1466 in the same period last year and surpassing analysts' expectations of AU$0.182. The company's total revenue climbed to AU$291.3 million, a significant increase from AU$244.8 million in the previous year, with revenue from ordinary activities reaching AU$285.7 million. These figures outperformed market estimates, as analysts surveyed by Visible Alpha had anticipated revenue of AU$280.1 million.
Adding to the positive sentiment, TechnologyOne has stepped up its profit guidance for FY25, projecting growth in the range of 13% to 17%. This upward revision in outlook suggests strong confidence in the company's future performance and growth trajectory. Additionally, the board declared an interim dividend of AU$0.066 per share, representing a substantial increase from AU$0.0508 in the previous period, further rewarding shareholders and potentially contributing to the stock's surge.
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