Latest news with #TechnologyOne
NZ Herald
7 days ago
- Business
- NZ Herald
Backing NZ's water reform
This article was prepared by TechnologyOne and is being published by the New Zealand Herald as advertorial. Safe drinking water is something residents of New Zealand take for granted. It is not something, however, that can be taken for granted. Investing in, maintaining and managing the infrastructure to manage water is one of the most important, high-profile and fundamental responsibilities for governments at all levels. It is a challenge local authorities can continue to rise to, but only if they have the right technology at their disposal. The New Zealand Government has recognised the importance of modernising water systems management across the nation with its Local Waters Done Well policy, intended to ensure New Zealanders can have confidence in this essential service into the future. TechnologyOne is proud to have supported local authorities in New Zealand and Australia over many years, providing them with the systems they need to safely and cost-effectively build and manage water services. Our decades of success in delivering solutions to highly regulated organisations including water authorities, NZ electricity distributors and government agencies gives us a depth of experience and a set of integrated, powerful capabilities that water authorities – and residents – need to have full end-to-end confidence in any organisation providing them with their water. Our ERP Solution for Water Utilities solution combines regulatory compliance, real-time financial control and planning, supply chain management, water asset and project lifecycle management, document management, water billing, customer management, HR and payroll systems, delivered on a single platform from a single vendor. Our open platform provides API tools to facilitate GIS and SCADA integration. Even more importantly, it is delivered using TechnologyOne's pioneering SaaS+ approach which means the systems are in place within weeks, not years, with no additional implementation costs. No one does more to take the risk out of technology implementation. TechnologyOne's experience and ability to deliver results quickly is a compelling combination, considering New Zealand's new Water Done Well council-controlled organisations (CCO) are facing tight deadlines from the Government. CCOs must get their plans in place by September 3, 2025, have systems operational by July 2027, and be fully compliant by June 2028. TechnologyOne has been part of communities across New Zealand since 2000, with team members based around the country and offices in Auckland and Wellington.
Perth Now
15-07-2025
- Business
- Perth Now
Aussie shares crack fresh record high
Aussie shares marked a fresh record closing high on Tuesday, with healthcare and tech stocks powering the market forward. The benchmark ASX200 jumped 59.9 points, or 0.7 per cent, to close at 8630.3, while the broader All Ordinaries index lifted 60 points, or 0.68 per cent, to finish at 8875.3. The bourse's previous closing high was 8603 points, booked on July 4. The gains were broadbased, with 10 of 11 industry sectors ending in the green. Information Technology and Healthcare stocks led the charge, with the sectors advancing 2.16 per cent and 2.04 per cent, respectively. Tech darling Wistech jumped 1.76 per cent to $112.65 a share, while Technology One rallied 2.64 per cent to $40.37 and Xero lifted 1.15 per cent to $174.56. Healthcare giant CSL rose 3.75 per cent to $250.66 and Pro Medicus rallied 2.44 per cent to $324.74. Financials also lifted the market, with bourse-heavyweight Commonwealth Bank adding 0.58 per cent to $179.76. Westpac gained 0.69 per cent to $33.79 and ANZ rose 0.7 per cent to $30.29, but NAB slipped 0.13 per cent $39.61. The materials sector edged down 0.28 per cent on the back of concerning June quarter growth figures out of China. Year-on-year GDP growth hit 5.2 per cent, beating expectations of a 5.1 per cent rise. The benchmark ASX200 marked a fresh record closing high on July 15, 2025. Supplied Credit: News Corp Australia 'This was largely due to strong fiscal support and the front loading of production and exports to the US to beat tariffs,' IG markets analyst Tony Sycamore said. 'With these tailwinds set to abate in the second half of this year, Chinese GDP is expected to slow to 4.5 per cent. 'Furthermore, new home prices in 70 Chinese cities fell by 3.2 per cent year-on-year in June, marking the 24th consecutive month of contraction. 'Today's woeful Chinese housing data has direct implications for the Australian economy, given its influence on demand for key exports including iron ore.' BHP lost 0.86 per cent to $39.39, Rio Tinto declined 1.31 per cent to $110.28 and Fortescue retreated 0.71 per cent to $16.78. The local market followed modest gains on Wall St overnight on Monday, as investors prepared for the start of the Q2 earnings season in the world's largest economy. The Dow Jones added 88 points, or 0.2 per cent, to close at 44,459, while the S and P 500 index edged up 0.14 per cent to 6268 and the tech-heavy Nasdaq gained 0.27 per cent to 20,640. Investors and policymakers would look to key inflation data from the US on Tuesday night for further guidance, Mr Sycamore added. 'The forecast is for headline inflation to rise by 0.3 per cent month-on-month and for the annual rate to increase to 2.7 per cent,' he said. Bowen Coking Coal operates the Burton mine in central Queensland. Shares in the company tumbled 25 per cent in morning trade. Zoe Devenport Credit: News Corp Australia 'The core inflation rate is also expected to rise by 0.3 per cent month-on-month, which would push the annual core rate to 3 per cent, the highest since February. 'Unless the core reading comes in hotter than expected at say 3.2 per cent year-on-year or higher, markets are unlikely to react, given that both the Fed and the market have been anticipating inflation to rise this year due to tariffs.' In corporate news, outdoor media company oOh!media lifted 1 per cent to $1.74 despite revealing its contract with the Auckland Transport Authority would not be renewed beyond September. The contract represented 4 per cent of the company's reported revenue for the 2024 financial year. 'While oOh! is disappointed with this outcome, it has planned for this eventuality and is confident in maintaining a leading position in the New Zealand Out of Home market,' the company said. Embattled central Queensland coal miner Bowen Coking Coal moved closer to collapse, announcing Indonesian contracting giant BUMA had demanded a $15m payment. Shares in Bowen were voluntarily suspended from quotation just after midday after sinking 25 per cent in morning trade to 7.5c. The top gainer on the ASX200 was Lifestyle Communities, which surged 7.7 per cent to $4.47. The largest laggard was lithium miner Pilbara Minerals, slumping 4.55 per cent to $1.58. The Aussie dollar gained 0.09 per cent to buy US65.5c at the closing bell.
News.com.au
28-05-2025
- Business
- News.com.au
Government contracts are golden, and these ASX tech stocks are raking it in
TechnologyOne becomes Canberra's digital backbone 'Buy Australian Plan' aims to make it easier to land a public sector contract ASX tech stocks with signed government deals The third largest technology stock on the ASX, Technology One (ASX:TNE), is becoming the go-to IT backbone for governments across Australia. In its half-year deck released to the market last week, TNE reported that more than half (53%) of its revenue came from governments. With more than 230 departments and agencies already on board, the company has indeed stitched itself deep into the public sector. Recent wins include a major contract with the Australian Energy Regulator, and a $5.6 million deal with the ACT government to overhaul its development application system. So why do governments keep signing up? Well, because TechOne offers a no-fuss, fixed-fee SaaS+ model that delivers software, upgrades and support in one clean annual bill. No cost blowouts, no army of consultants, just results. Headquartered in Brisbane, TNE builds enterprise software that helps governments, councils and universities run their finances, payroll, HR, and procurement. Think of the company as the digital plumbing that keeps public services humming. In its presentation deck, TNE also said it was planning to double in size every five years. Buy Australian Plan For tech companies – especially the smaller caps – a government contract is a bit like landing a Fortune 500 client, only with steadier legs. It might not always be fast or flashy, but the revenue tends to stick around, and payment's generally reliable. A government contract could provide a stable, long-term, and recurring income for a tech company. Sure, it might take a while to get through the red tape, but once you're in, you've got a customer who doesn't ghost you when markets wobble (well, not usually anyway). Now the Australian government wants to make those contracts more accessible. Under the new 'Buy Australian Plan', Canberra is putting its money where its mouth is, using its huge buying power to back local operators, not offshore giants. The plan is all about making it easier for small businesses, First Nations companies and regional outfits to land government work without getting buried in red tape. That means clearer rules, simpler tenders, faster payments and shutting the door on tax dodgers. There's also a new Procurement Capability Branch under the plan, which will help Aussie businesses go toe-to-toe for contracts. Tech/biotechs with government deals Several ASX-listed tech and biotech names have either locked in government contracts or are being officially linked to key programs. Here are some notable examples: Macquarie Technology Group (ASX:MAQ) MAQ is one company the Aussie government seriously trusts. Around 42% of federal government agencies reportedly use MAQ's services through its Macquarie Government division. The company's Australian data centres are all Certified Strategic, meaning they're cleared to handle top-secret workloads and built to meet the toughest security standards in the country. DroneShield (ASX:DRO) DroneShield has been securing notable contracts with the Australian Defence Force (ADF) and other government agencies. In 2023, the company was awarded a $10 million Electronic Warfare contract by the Australian government, following the successful completion of a prior $3.8 million contract. Additionally, DroneShield received a $9.9 million two-year research and development contract from a Department of Defence within the Five Eyes alliance. In 2025, the company scored a $32.2 million deal via a local reseller tied to a global defence giant, with all gear heading to a major Asia-Pacific military force. Harvest Technology Group (ASX:HTG) Back in mid-2023, Harvest landed its first defence contract with a Five Eyes customer for its Nodestream technology. Nodestream helps stream high-quality video and data even in super low-bandwidth or remote environments. This tech could be used for critical defence applications involving surveillance and remote communications. It was a big step for HTG, marking the start of a potentially long-term relationship. Fast forward to early 2024, and HTG announced a follow-up – not just one, but two more orders from the same customer. The company also had other wins, including orders from the European Union Defence Force and new UK-based offshore contractors, plus a successful drone trial with Japan's Self-Defence Force. WhiteHawk (ASX:WHK) In early 2025, WhiteHawk was selected as the exclusive cyber risk partner on the US General Services Administration's SCRIPTS program. This is a 10-year, US$920 million contract vehicle focused on supply chain risk management across federal agencies. Teaming up with Knexus Research, Babel Street, and Dun & Bradstreet, WhiteHawk will provide AI-driven cyber analytics to help US agencies detect and mitigate supply chain vulnerabilities. In Australia, WhiteHawk is gradually expanding its footprint. In July 2024, the company secured a cybersecurity contract with Tabcorp. Micro-X (ASX:MX1) In February, Micro-X scored a $6 million contract extension from the US Department of Homeland Security (DHS) to keep building its self-screening airport checkpoints. It's part of a bigger deal worth up to US$14 million, and this next stage funds two more units and a full round of testing over the next 16 months. If things go well, DHS could tip in another $7.5 million to take the system all the way to live airport trials with real passengers. Micro-X was also awarded up to US$16.4 million by the US Advanced Research Projects Agency for Health (ARPA-H) to develop a world-first portable full-body CT scanner. The project leverages Micro-X's proprietary Nano Electronic X-ray (NEX) technology to create a lightweight CT scanner, approximately 225 kilograms, significantly lighter than conventional models exceeding 2000 kilograms. HiTech Group Australia (ASX:HIT) HiTech isn't your average recruiter, the company's been in the game over 30 years, quietly supplying top-shelf IT talent to more than 43 federal government departments across Australia. From Defence to Home Affairs, HIT is trusted to scout for and deliver security-cleared tech brains. As a DISP-accredited outfit, the company has practically got the keys to Canberra's back office, helping plug skill gaps in everything from IT and finance to project support. Audeara (ASX:AUA) While not holding direct government contracts per se, Audeara's headphones are officially approved as assistive listening devices under the NDIS (National Disability Insurance Scheme), DVA (Department of Veterans' Affairs), and the Hearing Services Program. This means the Australian government might help cover the cost if your hearing needs a boost. NDIS participants can claim them as low-cost assistive tech, DVA veterans can get them through the rehab appliance scheme, and under HSP, they're listed as fully subsidised alternatives. At Stockhead we tell it like it is. While Audeara and Harvest Technology are Stockhead advertisers, they did not sponsor this article.
News.com.au
22-05-2025
- Business
- News.com.au
‘One of the quietest success stories': TechnologyOne soars on record half-year profit
TechnologyOne's shares shot the lights out on Tuesday and Wednesday after a half-year profit result that sets it up now for record revenue and profit for the 16th straight year. TechnologyOne Chief Executive Edward Chung claims the company provides 'mission-critical software' for some defined vertical markets.
Sky News AU
21-05-2025
- Business
- Sky News AU
‘One of the quietest success stories': TechnologyOne soars on record half-year profit
TechnologyOne's shares shot the lights out on Tuesday and Wednesday after a half-year profit result that sets it up now for record revenue and profit for the 16th straight year. TechnologyOne Chief Executive Edward Chung claims the company provides 'mission-critical software' for some defined vertical markets. 'We've been around for a long time and probably one of the quietest success stories, as you say, in the Australian market,' he told Sky News Business Editor Ross Greenwood.
