ASX-listed software company Technology One says that a dispute with Brisbane City Council will not have a material impact on its FY 17 profit.
In a statement to the ASX, the Technology One said that its forecast of strong profit growth for FY17 remained.
Brisbane City Council’s lord mayor, Graham Quirk, last week blasted the company over a project to implement its local government platform. Quirk said he was seeking to have the council’s contract with the company renegotiated, and that the rollout could end up 18 months behind schedule and $60 million more expensive than anticipated.
Technology One in response said the problems were on the council’s end. The council’s business processes were poorly defined, leading to a significant increase in the project’s scope.
