Tech stocks to watch, growing interest as NEXTDC emerges a top gainer this week, up over 11%.

Recent updates from NEXTDC Limited, Technology One Limited and WiseTech Global Limited show growth, investment and AI focus trends.

NEXTDC Limited (ASX: NXT) 

announced a A$1.0 billion hybrid securities offer on 7 April 2026. The full amount is backed by La Caisse through a binding commitment. The instrument has a five year non call period and a 100 year maturity. It is treated as debt and sits below all borrowings but above equity. This structure gives long term funding with lower early cash cost and optional coupon deferral.

For the half year ended 31 December 2025, revenue touched A$231.8M although net revenue was A$189.2M. EBITDA came in at A$115.3 million. Net loss narrowed to A$39.4 million. Contracted utilisation rose strongly to 416.6MW with a large forward order book expected to convert into revenue through FY29.

During 1H26, approvals were secured for new Sydney and Melbourne sites and capacity upgrades were made at existing projects. Expansion continued across multiple cities with added built capacity and ongoing construction in Australia and overseas including Kuala Lumpur and Tokyo. This shows steady execution of growth plans.

Guidance remains for revenue of A$390–400 million and EBITDA of A$230–240 million. Capital spending increased to A$2.4–2.7 billion. Through A$4.2 billion liquidity and strong demand visibility, the business appears ready for continued scaling and future incomes uplift.

Technology One Limited (ASX: TNE) 

announced on 25 February a new product called Guide. Its usages AI to help residents and students access services and support faster. The focus is on making public and education systems easier to use.

TNE upgraded its FY26 outlook. It expects profit growth of 18% to 20% and ARR growth of 16% to 18%. This reflects strong demand across Australia New Zealand and the UK.

The business has gradually raised its growth range over recent years. The shift to SaaS and now SaaS+ has supported this rise. It shows a pattern of consistent improvement in performance targets.
For H1 FY26 growth will be lower due to spending of about 8 to 9 million dollars on AI events. H2 is expected to recover strongly and meet full year goals.

WiseTech Global Limited (ASX: WTC) 

on 25 February shared their half yearly financial results for 1H26 that concluded on 31 December 2025. Total revenue reached 672 million dollars with strong growth of 76% mainly due to the e2open acquisition. CargoWise revenue was 372.4 million dollars, rising 12% driven by existing customer expansion.

Profit performance showed mixed movement. EBITDA increased 31% to 252.1 million dollars though margin fell to 38% due to acquisition and restructuring costs. Organic EBITDA rose 7% with a steady margin of 51%. Underlying profit slightly improved while statutory profit declined due to higher amortization and interest.

Cash generation remained strong. Operating cash flow grew 14% and free cash flow increased 24%. Debt rose after funding the e2open deal with leverage at 3.2 times, expected to reduce gradually over coming years.

AI adoption is becoming central to strategy. The most customers shifted to a new pricing model based on transactions. Workforce reduction of up to 50% is planned, showing a focus on automation and efficiency for long term growth.

(Source: Company Report)