Business software company TechnologyOne (ASX:TNE) has predicted it will increase its post-tax profit by around 10% to 15% for its full financial year ending September.
But the company, which increased its March-half profit 47% to $5.7 million, warned that conditions will remain challenging throughout the rest of the year.
Operating expenses are also likely to increase by 7% to 8%, TechnologyOne added.
TechnologyOne increased its first-half dividend 51% to 1.33 cents per share. Executive chairman Adrian Di Marco said the long-term outlook for the company remains strong.
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