As interest rates have risen, many high-growth software companies have been crushed in recent months. Consequently, investors turned to value stocks.
However, 10 out of 11 sectors are higher today (March 1, 2022) as well as the S&P/ASX 200 Index in which IT is the best performing sector, gaining 5.07% at the time of writing. item.
In this article, we will talk about three IT companies with a good market valuation and whose shares are trading green.
Read also : ALU, CPU, TNE: The ASX-listed tech stocks that are on investors’ radar today
NEXTDC (ASX:NXT) is a technology company claiming to be Asia’s most innovative data center-as-a-service provider.
NEXTDC is known worldwide for designing, building and operating Australia’s only Tier IV data center network and as the only data center operator in the southern hemisphere to receive Tier IV accreditation. Gold for operational sustainability.
In its 1HFY22 financial report recently, NEXTDC reported that revenue from its data center services rose 19% to A$144.5 million, from A$121.6 million at 1HFY21.
The company’s underlying EBITDA increased by A$19.3 million (29%) to A$85.0 million on a dft basis. For the period, its operating cash flow was A$69.5 million, up 9% from a year earlier.
Stock market performance: NEXTDC shares traded at AU$10.88 each today (March 1, 2022) at 2:36 p.m. AEDT. The company has lost almost 15% of its share price since the start of the year and has fallen more than 2% in its share price over 52 weeks. Its current market capitalization is A$4.86 billion.
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Altium Limited (ASX: ALU), a multinational software company, is engaged in the development and sale of computer software for designing electronic products. For the electronics industry, it provides printed circuit board (PCB) tools and a cloud platform.
Altium’s revenue increased 28% to $102.2 million in the first half of Fiscal 2022. The company’s reported and underlying EBITDA margins were 34.1%, 11.4% higher than the underlying EBITDA margin of 30.6% in the same period last year. .
The Board has also declared a fully franked (30%) interim dividend of AU$0.21 (AU21 cents) per share to be paid on 22 March 2022. Based on the total number of shares outstanding , this translates to a total dividend of $19.9 million.
Stock market performance: Altium shares were trading at AU$33.22 each at 2:43 p.m. AEDT today (March 1, 2022). At the current share price, the company has seen a decline of more than 26% in its share price since the start of 2022. However, it has seen a growth of 23% in 52 weeks. Altium’s current market capitalization is A$4.22 billion.
Read also : Altium (ASX:ALU) Reports 28% Revenue Growth in the First Half of FY22
Link Administration Holdings Limited
Link Administration Holdings (ASX:LNK) (Link Group) provides pension administration services. The Company operates through four segments, including Retirement & Superannuation Solutions (RSS), Banking & Credit Management (BCM), Corporate Markets (CM) and Fund Solutions (FS).
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In the first half of FY2022, Link Group reported revenue of A$593.6 million, down 0.6% year-on-year. The company’s operating EBIT also fell 11% to A$70.2 million from A$79.1 million a year ago. Its statutory net profit tax (NPAT) recorded a loss of A$81.7m against a profit of A$29.4m pcp.
In December 2021, Link Group signed a Program Implementation Deed (SID) with Dye & Durham under which Dye & Durham will purchase 100% of the shares of LNK for approximately C$3.2 billion. Link Group informed in the 1HFY22 report that it expects to close the deal in June/July 2022.
The Board of Directors has approved a fully franked interim dividend of 3.0 cents per share for shareholders with record and pay dates of March 3, 2022 and April 8, 2022, respectively.
Stock market performance: Link Group shares were trading at AU$5.28 each today (March 1, 2022) at 2:48 p.m. AEDT. The company’s shares have grown more than 10% in its price over 52 weeks; however, it has recorded a negative growth of 5% in its price since the beginning of the year. Link Group’s current market capitalization is A$2.70 billion.
Read also : Shares of Link Administration (ASX:LNK) closed over 15% today. here’s why