ReadyTech flags contract wins, AI push as it lifts first-half revenue

ReadyTech Holdings Ltd. ( (AU:RDY) ) just unveiled an announcement.

ReadyTech reported first-half FY26 revenue of $61.6 million, up 5.6% year on year, with subscription revenue rising to $51.8 million and recurring income comprising 84% of total sales. Growth was led by enterprise flagship products, notably Ready Workforce, while mature segments faced churn and extended sales cycles, prompting a refreshed corporate strategy under the banner “Clearer, Faster, Stronger.”

Key contract wins included a 10-year government deal with Skills Tasmania and a major justice-sector mandate from Victoria’s Workplace Injury Commission, reinforcing the group’s position in regulated public-sector markets. The company continues to invest heavily in product development and AI capabilities, including embedded hiring tools and the new Orqestra intelligence layer, while updating FY26 revenue guidance to $125–127 million and prioritising disciplined monetisation and robust AI governance to support more resilient growth.

The most recent analyst rating on (AU:RDY) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ReadyTech Holdings Ltd. stock, see the AU:RDY Stock Forecast page.

More about ReadyTech Holdings Ltd.

ReadyTech Holdings Ltd. is an Australia-based SaaS provider of next-generation cloud software serving the education, workforce, government and justice sectors. The company focuses on mission-critical, compliance-heavy systems of record for TAFEs, higher education institutions, employment services providers and government agencies, with flagship platforms such as Ready Workforce targeting enterprise customers across Australia and New Zealand.

Average Trading Volume: 39,973

Technical Sentiment Signal: Sell

Current Market Cap: A$195.5M

For detailed information about RDY stock, go to TipRanks’ Stock Analysis page.