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Business Description: Technology One Limited (TNE) is an end-to-end enterprise software provider and consultant, servicing business, government, financial services, health & community, education, and utilities sectors. Products include financials, HR & Payroll, supply chain and business intelligence. TNE also offers custom software development services for large scale, purpose built applications. TNE has 14 offices throughout Australia, New Zealand, Asia, the South Pacific and the United Kingdom.
Strategy Analysis: TNE's strategy is to reinvest in its business to develop a new software platform compatible with current trends in mobile connectivity and cloud computing. TNE will also double its sales team to push its current products.
Technology One reported NPAT up 15.91% to $23.56m for the year ended 30 September 2012. Revenue from ordinary activities were $169.07m, up 7.87% from last year. Diluted EPS was 7.63 cents compared to 6.54 cents last year. Net operating cash flow was $28m compared to $21.22m last year. The final dividend declared was 3.48 cents, taking the full year dividend to 5.09 cents compared with 6.12 cents last year.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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