Hansen Technology up 26% in two months

Hansen Technology up 26% in two months

Information technology systems and service provider Hansen Technologies Limited (ASX:HSN) followed the market upwards to close at 57c. During the day the stock reached as high as 60c.

The company announced a record performance for the financial year ending June 30, 2009 with revenues of $54M up 39% and an after tax profit of $8.1M. In the last two months Hansen Technologies has risen from 45c to 57c – an increase of over 26%.

Hansen Technologies recently paid a final fully franked dividend of 3c bringing the total annual dividend to 5c. On today’s close that puts the dividend yield at 8.7%. The company has a market capitalisation of $85M.

Hansen Technologies develops, integrates and supports billing systems software for the utilities (electricity, gas and water) and telecommunications industries and delivers outsourcing and facilities management solutions across a range of market segments.

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Tags Information TechnologyHansen Technology

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