Top ASX 100 stocks with More Growth in Short Run
Some top stocks from ASX listed companies, although having run up substantially, are showing further upside potential. Two of such growing companies to invest in are
Technology One Limited (ASX: TNE)
Technology One Limited (ASX: TNE) has delivered an outstanding set of results for the financial year ended 30 September 2024, surpassing profit growth guidance and reinforcing the strength of its SaaS-driven business model. Profit before tax grew 18% year-over-year (YoY), exceeding the May 2024 guidance range of 12%-16%. This result was powered by a 20% increase in Total Annual Recurring Revenue (ARR), highlighting the robust demand for the company’s global SaaS ERP platform and innovative SaaS+ offering. A standout performance came from the UK, where ARR surged by an impressive 70%, underlining the success of the company’s long-term investment in this key growth market. Net Revenue Retention (NRR) of 117% also surpassed the long-term target of 115%, reflecting strong customer retention and expanded adoption of its SaaS ERP solutions among existing clients.
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