ASX: TNE<\/a>) share price is in focus today after Australia’s largest ERP SaaS company lifted its FY26 profit guidance by 5 percentage points, targeting 18% to 20% profit before tax (PBT) growth and 16% to 18% annual recurring revenue (ARR) growth, fuelled by strong demand for its AI-powered SaaS+ offering.<\/p>\n What did TechnologyOne report? Upgraded FY26 PBT growth guidance to 18%\u201320%, up from the previous 13%\u201317% range ARR growth guidance lifted to 16%\u201318% Significant investment of $8\u2013$9 million in AI Showcase events for H1 FY26 First-half FY26 PBT growth expected in the high single digits due to phasing of investments Retirement of Non-executive Director Clifford Rosenberg after 7 years of service What else do investors need to know? <\/p>\n
TechnologyOne credited its upgraded outlook to the successful momentum of its SaaS+ products and forthcoming AI-driven innovations. The company said customer demand remains strong in Australia, New Zealand, and the UK, giving management confidence to aim for the top end of its new guidance range.<\/p>\n
A key focus this half has been strategic investment in AI product launches, expected to provide future commercial opportunities but resulting in a slower first-half profit growth. Management stated that growth will be back-weighted, with a strong second half anticipated.<\/p>\n
What did TechnologyOne management say? <\/p>\n
Ed Chung, CEO and Managing Director, said:<\/p>\n
SaaS+ and our products turbocharged through AI are our not so secret weapons, giving us the confidence to increase PBT growth to 18% to 20%, upgraded from our prior range of 13% to 17%, as well as guiding to ARR growth of 16% to 18%. We are targeting the top end of the guidance range for both PBT and ARR.<\/p>\n
What’s next for TechnologyOne? <\/p>\n
Looking ahead, TechnologyOne expects to maintain its disciplined growth rhythm as it continues transitioning from a SaaS business to its next-generation SaaS+ model. Management says recent investments in AI and international expansion are setting up the business for sustained profit and revenue growth.<\/p>\n
Investors can expect more updates on product launches and new customer wins in FY26, as the company looks to capitalise on rising demand for cloud-based ERP solutions.<\/p>\n
TechnologyOne share price snapshot <\/p>\n
Over the past 12 months, TechnologyOne shares have declined 33%, trailing the S&P\/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.<\/p>\n
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