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Technology One Limited share price continues to sink lower

Technology One Limited share price continues to sink lower

The Technology One Limited (ASX: TNE) share price is on course to make it three days of declines in a row. At lunch the enterprise software company’s shares are down 1.5% to $5.28, stretching its three-day decline to over 5%.

Although the company advised yesterday that its enterprise Software-as-a-Service (SaaS) business unit has experienced strong demand and almost doubled in size in the last 12 months, the market hasn’t responded as enthusiastically as you might have expected.

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