BUZZ-Jefferies, Morningstar upbeat on Australia's TechnologyOne after half-yearly results

Morningstar

Morningstar

MORN

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** Jefferies positive on Australia's TechnologyOne TNE.AX, says co reported "good" half-yearly results

** Brokerage says revenue ex-interest is 4% below Visible Alpha consensus, likely due to forex changes; operating profit numbers all in line with consensus

** Bets on strong pipeline of the enterprise software provider for second half of the year

** Morningstar believes co can increase revenue at strong low-double-digit over next decade, through upselling existing customers, local government segment

** Average rating of 15 analysts is "buy" or higher; their median PT is A$31.7, LSEG-compiled data shows

** YTD, stock flat


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