TechnologyOne (ASX: TNE): The ASX Tech Stock That Quietly Doubled this Year
Some tech stocks rise on hype. Others rise on results. TechnologyOne belongs firmly in the second category. Over the past 12 months, its share price has gained more than 100 percent, and the reason is now becoming hard to ignore.
In the first half of FY25, TechnologyOne delivered a 33 percent increase in profit before tax, reaching $81.9 million. Annual recurring revenue grew 21 percent to $511.1 million, hitting its $500 million target 18 months ahead of schedule.
The company’s SaaS+ model continues to win across government, education and large enterprise clients. It delivers software and implementation in one solution, giving customers reliability, speed and long-term value.
- Net Revenue Retention at 118 percent
- Customer churn maintained at just 0.3 percent
- UK recurring revenue up 50 percent year on year
- Interim dividend raised by 30 percent to 6.6 cents per share
TechnologyOne also invested $68.8 million into research and development during the half, representing 24 percent of revenue. That investment supports product innovation in artificial intelligence, app creation and platform scalability.
With $211.9 million in cash and investments on the balance sheet, the company is well placed to continue expanding both locally and overseas.
This is not a company chasing trends. It is building software that governments and institutions depend on, quarter after quarter.
And for investors looking for performance without noise, Technology One might be the most consistent success story on the ASX.
Austal (ASX: ASB): The Defence Name That superbly Doubled as the World Armed Up
While some stocks make headlines, others let performance do the talking. Austal Limited has done just that. In the last 12 months, the company’s share price has more than doubled. What’s fueling this rise?
At the heart of it is a record A$14.2 billion order book, covering U.S. and Australian defence contracts. That number exceeds Austal’s total revenue for the last seven years combined. The company has also reaffirmed guidance for FY25 EBIT of not less than A$80 million.
Austal continues to scale with two major infrastructure expansions underway in the U.S.: the US$450 million Module Manufacture Facility and the US$300 million Final Assembly 2 project. Both are funded and aim to significantly increase submarine and shipbuilding capabilities.
- Over A$200 million raised through a successful placement at $3.80 per share
- Expected pro forma cash balance of A$547 million
- Major expansion support from the Australian Government
- Strategic Shipbuilding Agreement in progress with Australia’s Department of Defence
Austal is now the only foreign-owned prime contractor building and sustaining ships for the U.S. Navy. It operates major shipyards in the U.S., Australia, Vietnam and the Philippines.
The company has also been added to the S&P/ASX 200 Index, reflecting its growing scale and relevance in the defence space.
Investors may be waking up to what Austal has built over decades. It is no longer just a shipbuilder. It is becoming a cornerstone of Western naval capability. And the market is starting to price that in.
(Source: Company Announcements)
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