By Laura Stewart
Publication Date: 2026-02-17 22:52:00
Image source: Getty Images
The TechnologyOne Ltd (ASX: TNE) The share price is in focus today after Australia’s largest ERP SaaS company raised its FY26 profit forecast by 5 percentage points, targeting profit before tax (PBT) growth of 18% to 20% and annual recurring revenue (ARR) growth of 16% to 18%, driven by strong demand for its AI-powered SaaS+ offering.
What did TechnologyOne report?
- The PBT growth forecast for FY26 has been raised to 18%-20% from the previous range of 13%-17%
- ARR growth forecast raised to 16-18%
- Significant investment of $8 million to $9 million in AI Showcase events for the first half of fiscal year 2026
- PBT growth in the first half of FY26 is expected to be in the high single digits due to the timing of investments
- Resignation of non-executive director Clifford Rosenberg after seven years of service
What else do investors need to know?
TechnologyOne owes its improved outlook to the successful momentum of its SaaS+ products and upcoming AI-driven innovations. The company said customer demand in Australia remained strong,…
