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TechnologyOne expects up to 15% profit lift in FY10

TechnologyOne expects up to 15% profit lift in FY10

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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