The S&P/ASX 200 Index (ASX:XJO) went up today. The TechnologyOne Ltd (ASX:TNE) share price rose after reporting its FY21 half-year result.
The post ASX 200 rises, TechnologyOne up, Airtasker jumps appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) went up today by 1% to 7,115 points.
Here are some of the highlights from the ASX today:
TechnologyOne Ltd (ASX: TNE)
The TechnologyOne share price rose more than 1% today after releasing its FY21 half-year result.
TechnologyOne reported that net profit after tax jumped 48% to $28.2 million. This was driven by total revenue increasing 5% to $144.3 million, whilst total expenses declined by 5% to $107.4 million.
Revenue from the ASX 200 share’s software as a service (SaaS) and continuing business increased by 7% to $140.6 million. The SaaS annual recurring revenue (ARR) figure rose by 41% to $155.8 million.
It ended the half-year period to 31 March 2021 with $100.2 million of cash on the balance sheet, an increase of 20%. The board decided to increase the interim dividend by 10% to 3.82 cents per share.
TechnologyOne CEO Edward Chung said:
Our global SaaS enterprise resource planning (ERP) is the future of enterprise software. It provides our enterprise customers a mission critical solution to run their entire business on any device, anywhere at anytime. It also allows them to innovate and meet the challenges ahead with greater agility and speed, without having to worry about underlying technologies.
We had many significant wins in the first half. Momentum in the Federal Government sector continues with our global SaaS ERP, chosen by the Australian Department of Agriculture, Water and the Environment to streamline and modernise their business. This was a significant win against SAP.
The ASX 200 share sees its total ARR increasing to more than $500 million by FY26, from the current base of $233 million.
Airtasker Ltd (ASX: ART)
The Airtasker share price rose around 12% after it came back to trade following its capital raising.
The business said that it has successfully completed its $20.7 million raising from investors.
The issue price of $1 per share represented a discount of 7.4% to the previous closing price.
Proceeds from the placement will be used to fund the acquisition of the assets of Zaarly, a US-based local services marketplace, expansion into key city markets in the US and UK, and the costs of the offer.
Airtasker revealed that the placement was strongly supported by existing and new domestic institutional, sophisticated and professional investors. Allocations were heavily weighted in favour of existing investors.
Doctor Care Anywhere Group PLC (ASX: DOC)
The Doctor Care Anywhere share price rose by around 15% today.
The ASX share said that it has signed a head of terms with Nuffield Health, one of the UK’s largest private healthcare organisations, to develop a digitally integrated virtual and in-person primary care service. Pre-marketing to Nuffield Health’s network of 1,600 corporate clients will commence immediately.
Launching in the fourth quarter of 2021, this partnership will allow patients to access Doctor Care Anywhere’s virtual GP service and Nuffield Health’s nationwide network of face to face GPs, through one digital platform and represents the first nationally integrated primary care proposition in the UK.
Medical director at Nuffield Health, Dr Davina Deniszczyc said:
We are delighted to be strengthening our partnership with Doctor Care Anywhere to offer customers access to a national network of virtual and face to face GPs. The pandemic has demonstrated the need for accessible health services and through this partnership we are now able to offer everyone the choice of how they access their GP, whenever they need to.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
Why the Airtasker (ASX:ART) share price jumped 21% today
Why Airtasker, Betmakers, Kogan, & Telix shares are charging higher