Australian Tech Earnings May Temper AI Disruption Concerns

Australia’s often overlooked technology sector may offer signs of resilience amid the global unease over artificial intelligence disruption, with a run of earnings reports showing steady gains.

Earnings season delivered growth among the seven companies in a local tech sub-index that reported first-half results in February, Bloomberg data show. Analysts also see the sector offering the strongest upside in the Australian market, with Bloomberg-compiled estimates implying a potential return of just under 80% over the next year.