Technology One: Growth illusion
This is the free video Technology One: Growth illusion that can be downloaded, played and edit with our RedcoolMedia movie maker MovieStudio free video editor online and AudioStudio free audio editor online
VIDEO DESCRIPTION:
Play, download and edit the free video Technology One: Growth illusion.
Technology One’s growth in the last couple of years has been an illusion. It has used various accounting tricks to pull forward revenue and profits, artificially creating growth and hiding a major slowdown. New rules on revenue recognition in FY19 have left a big hole in TNE’s profits, which it filled by starting to capitalise development costs. However, most of the benefit is from the low initial amortisation charge, which will be a major headwind to profit growth as it increases. Overall, we estimate FY19 profits were inflated by over 200%. In our view, it will be hard for TNE to maintain its target growth of 15% per year.
Download, play and edit free videos and free audios from Technology One: Growth illusion using RedcoolMedia.net web apps