Upfront about the Back Office incident.

to Add: TechnologyOne will update the market on its performance and outlook with the release of its 1H 2023 financial results on 23 May 2023.

Threatened - internal Microsoft 365 back-office system. 

Trading Halt:

Management has guided for FY21 Net Profit Before Tax of $94.3-$98.6m, representing a 10-15% increase on the FY20 underlying result. Perpetual licence fees are expected to decline by $7m as the focus remains on growing the SaaS business. As a result, SaaS's annual recurring revenue is expected to grow by at least 35% on FY20. Consensus currently has expectations of ~10.9% EPS growth (GR3). Furthermore, the ~£12m acquisition of UK higher education software provider, Scientia, is expected to be earnings neutral for FY21.

*Scientia provides mission critical software for over 150 leading universities across the UK and Australia

Disc: RL, not in the SM portfolio,