Guidance Upgrade-AI driving TNEs confidence in the future
| Stock | Technology One Ltd (TNE.ASX) |
|---|---|
| Release Time | 18 Feb 2026, 9:24 a.m. |
| Price Sensitive | Yes |
Technology One Upgrades Guidance, Driven by AI
- AI driving confidence in future growth
- Upgraded FY26 Profit Before Tax (PBT) growth to 18-20%
- Upgraded FY26 Annual Recurring Revenue (ARR) growth to 16-18%
Technology One Limited (ASX: TNE), Australia's largest ERP SaaS company and the world's first SaaS+ company, has announced upgraded FY26 Guidance with Profit Growth of 18% to 20% and ARR Growth of 16% to 18%. The company is targeting the top end of the guidance range for both PBT and ARR. The increased guidance is driven by the momentum of SaaS+, the response to Plus, and the excitement in new AI products that will be launched shortly. TechnologyOne has been able to carefully and surgically increase its PBT guidance range from 10-15% in FY24 to 12-16% in FY24, 13-17% in FY25, and now 18-20% in FY26, reflecting the company's strong track record of delivering on its guidance.For H1 FY26, the company has strategically invested in its AI Showcase product launches, resulting in first-half PBT growth coming in at high single digit percentage growth. However, H2 FY26 PBT is expected to be strong, delivering the full-year step-up consistent with the upgraded guidance.The company also announced the retirement of Clifford Rosenberg, a Non-executive Director who has served on the Board for 7 years, during a period of significant growth for TechnologyOne.
Upgraded FY26 Profit Before Tax (PBT) growth of 18% to 20% and Annual Recurring Revenue (ARR) growth of 16% to 18%.
TechnologyOne is confident in its customer pipeline in Australia, New Zealand, and the UK, driven by the momentum of its SaaS+ offerings and the launch of new AI products.