July 2026: Three Technology Stocks on the Radar

These three ASX technology shares continue to grow through business expansion, AI innovation and stronger financial performance. 

Codan Limited (ASX: CDA)

Codan Limited (ASX: CDA), on 22 May 2026, announced that its subsidiary DTC Communications signed a binding agreement to acquire the intellectual property of Adaptive Dynamics, a US engineering company specialising in anti-jamming, interference mitigation and APNT technologies for mission-critical communications. 

The acquisition includes upfront and contingent payments of about $21 million linked to development and integration milestones over two years, plus royalty payments on technology licences over five years. The transaction is expected to be earnings neutral in its first year.

The trading update said the Group performed above expectations in 2H FY26. Communications revenue is forecast at the top of the 15–20% growth range, while the segment profit margin is expected to reach 30% in FY26. Minelab continued strong momentum, and FY26 guidance was raised to about $235 million EBIT and $170 million NPAT.

CDA develops technology solutions for communications, safety, security and productivity in demanding operating environments worldwide.

WiseTech Global Ltd (ASX: WTC)

WiseTech Global Ltd (ASX: WTC) announced in FY26 a new leadership structure to support its transition into an AI-led business. CargoWise NCM was rolled out to 95% of customers, alongside a revised commercial model designed for changing industry needs.

In the 1H26 report, revenue was up 76% and EBITDA was up 31%, due to the e2open acquisition, creating TradeWise. The WTC currently serves over 22,000 logistics firms in 193 countries including 23 out of the top 25 freight forwarding companies in the world.

AI is strengthening CargoWise through production agents, while AI tools now assist with more than 50% of internal coding, improving operational efficiency.

WiseTech also expanded its presence across logistics, trade, trade finance and government compliance markets. Its long-term position is supported by more than $1 billion invested in innovation over five years, proprietary supply chain data, over 30 years of industry experience, more than 50 acquisitions and a global connected network.

Technology One Limited (ASX: TNE),

Technology One Limited (ASX: TNE), on 19 May 2026, announced its H1 FY26 results, delivering its 17th consecutive first half record profit, record annual recurring revenue (ARR) and record revenue, driven by SaaS+ growth and AI product launches. 

For the half year to 31 March 2026, pre-tax profits were up 9% to $89.1 million; ARR was up 17% to $598 million; revenue was up 11% to $322.7 million; and UK ARR up 23%. The interim dividend was up 21% to 8.0 cents.

During H1 FY26, the company launched its AI strategy, including Plus, Guide and in-product AI, expanding its ERP platform and increasing its potential market while generating stronger customer interest.

TechnologyOne expects to exceed $1 billion in ARR by FY30. It plans to continue investing in research and development while targeting long-term profit margin expansion above 35% through its global SaaS+ platform.

(Source: Company Report)