The TechnologyOne Ltd (ASX: TNE) share price is pushing higher on Tuesday following the release of its annual general meeting update.
In afternoon trade the enterprise software company’s shares are up 1.5% to $8.32.
This makes the company one of the only tech shares to be in positive territory today. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is down a disappointing 3.7%.
Why is the TechnologyOne share price rising?
Investors have been bidding the TechnologyOne share price higher today after it reaffirmed its guidance at its virtual annual general meeting.
In his presentation, the company’s CEO, Edward Chung, advised that he expects to see continuing strong growth in Software-as-a-Service (SaaS)…