TechOne shares dive

SHARES in Technology One dived yesterday after the Brisbane-based business software outfit provided weaker-thanexpected profit guidance.

Problems in TechOne’s consulting division, including its push into the UK, have helped weigh down earnings.

But TechOne remained positive with upbeat forecasts for its cloud-based business software, designed to be used on any type of device.

TechOne’s half-year profits hit $8.11 million, up from $8.05 million.

It estimated full-year earnings would rise between 10 per cent to 15 per cent on the previous year’s result of $44.5 million.