Technology One Ltd (OTCPK:THNOF)

$ 19.7 0 (0%) Market Cap: 6.27 Bil Enterprise Value: 6.14 Bil PE Ratio: 84.18 PB Ratio: 26.13 GF Score: 83/100

Half Year 2021 TechnologyOne Ltd Earnings Call Transcript

May 25, 2021 / 01:00AM GMT

Transcript

Edward James Chung

Technology One Limited - CEO

Thanks, Bernadette, and good morning, everyone. Welcome to the TechnologyOne 2021 Half Year Results Presentation. These materials were lodged with the ASX this morning.

Well, to jump into it, we're very pleased with our results. The results were strong and all the key metrics were as we expected. There's continuing strong demand for our Global SaaS ERP solution. Our key metric is SaaS ARR growth. And we delivered SaaS ARR of $155.8 million. That's up 41% on this same time last year. And you can see that with this strong SaaS ARR growth, it drove and it underpinned our net profit before tax to $37.3 million. That's up 44% on the last year.

Now I'd just like to note that, like usual and like previous years, our first half results, that's our first half profit, is not always indicative of the full year. You'll see on the next slide there, and I'll get into this in a lot more detail later, that SaaS will continue to drive our growth and the outlook for FY '21 is strong. And I'll get into much more detail later on in the pack. Turning to the

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