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ASX RELEASE technologyone Transforming business , making life simple TechnologyOne SaaS up 41 % and H1 FY21 Profit After Tax up 48 % BRISBANE , 25 May 2021 - One of Australia's largest enterprise Software as a Service ( SaaS ) companies , TechnologyOne ( ASX : TNE ) today announced its financial results for the half year ending 31 March 2021 , showing continuing growth with Profit After Tax up 48 % underpinned by continuing strong demand for the TechnologyOne Global SaaS ERP Solution . Key results were as follows : • Profit After Tax of $ 28.2m , up 48 % • Profit Before Tax of $ 37.3m , up 44 % • SaaS Annual Recurring Revenue ( ARR ) ¹ of $ 155.8m , up 41 % • Revenue from our SaaS and Continuing Business of $ 140.6m , up 7 % • Total Revenue of $ 144.3m , up 5 % Expenses of $ 107.4m , down 5 % • Cash and Cash Equivalents of $ 100.1m , up 20 % from 31 March 2020 • Cash Flow Generation² of ( $ 2.9m ) as expected , and will be strong over the full year • Dividend of 3.82cps , up 10 % R & D expenditure ( before capitalisation ) of $ 34.6m , up 14 % , which is 24 % of revenue 1 ARR represents future contracted annual recurring revenue at period end . This is a non - IFRS financial measure and is unaudited 2 Cash Flow Generation is Cash flow from operating activities less capitalised development costs , capitalised commission costs and lease payments . This is a non - IFRS financial measure and is unaudited TechnologyOne CEO , Edward Chung said : " I am pleased to announce that we have delivered our 12th year of record first half profit and revenue and record SaaS fees . Our Profit After Tax for the half is up 48 % . And our SaaS Annual Recurring Revenue ( ARR ) is up 41 % as we increased the number of large - scale enterprise SaaS customers by 21 per cent , to 576 . Our SaaS business continues to grow strongly . " Our Global SaaS ERP is the future of enterprise software . It provides our enterprise customers a mission critical solution to run their entire business on any device , anywhere at anytime . It also allows them to innovate and meet the challenges ahead with greater agility and speed , without having to worry about underlying technologies . This makes life simple for them . We had many significant wins in the first half . Momentum in the Federal Government sector continues with our Global SaaS ERP , chosen by the Australian Department of Agriculture , Water and the Environment to streamline and modernise their business . This was a significant win against SAP . In addition , TechnologyOne and the NZ Ministry of Business Innovation and Employment Technology One Limited ABN 84 010 487 180 Level 11 , TechnologyOne HQ , 540 Wickham Street ( PO Box 96 ) Fortitude Valley QLD 4006 phone +61 7 3167 7300 fax +61 7 3167 7301 web TechnologyOneCorp.com offices Brisbane Sydney Melbourne Canberra Adelaide Perth Hobart Port Moresby Kuala Lumpur Auckland Wellington London Glasgow 1