TechnologyOne reports revenue and profit for six months through March

Australia’s largest ERP software-as-a-service company has announced total revenue of $244.8 million for the six months to March 31, up 16% year-on-year.

The company’s profit after tax for the period rose 16% to $48 million.

CEO Ed Chung said in a statement Tuesday: “Our global SaaS ERP is the future of enterprise software. It provides our enterprise customers with a mission-critical solution to run their entire business on any device, anywhere, anytime.

“It also allows them to innovate and meet future challenges with greater flexibility and speed, without having to worry about the underlying technologies. This makes life easy for our community.

“These are strong half-year results for TechnologyOne and confirm the strength of our SaaS strategy, which continues our strong growth trajectory in both Australia and the UK.

“Our organic growth has continued in the first half as we have been chosen as a partner by many of Australia and New Zealand’s most progressive councils, including Newcastle City Council and New Plymouth District Council.

“In the education sector, we have achieved strong wins with TAFE WA and continued our growth in the UK education market by attracting new clients such as Solent University Southampton.

“Government departments in APAC are increasingly turning to TechnologyOne with wins in the first half of the year at ASIC and the Department of Primary Industries. These organizations select TechnologyOne as their ERP supplier, due to our deep industry knowledge, local presence, innovative delivery models and our focus on putting our customers and community first.”

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