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After the hack, TechOne boosts profit and tips strong year | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacking | #aihp

Brisbane’s Technology One has posted a 24 per cent increase in its profit for the first half but has not provided any update on the hacking of its back office Microsoft system recently.

Print article

It is the company’s 14th consecutive record result of $41.3 million.

It has forecast growth in its net profit for the full year to be up between 10 and 15 per cent and said it was on track to surpass annual recurring revenue of more than $500 million by 2026.

It would pay out a 4.62 cents a share dividend to shareholders, an increase of 10 per cent.

Chief executive Edward Chung said the company’s software as a service (SaaS) business continued to grow strongly.

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