Below I name 3 ASX tech companies worth a look…
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price has gained about 29% in the past three months to close on Monday at $6.71.
The medical technology company, with a market cap of $693 million, includes radiology information systems, picture archiving and communication systems among its products.
Pro Medicus reported a record net profit after tax of $9.32 million for FY17, up 46% on the previous year.
Pro Medicus CEO Sam Hupert said there were many factors that contributed to the company's record result.
"But I suppose the key ones were the strong performances of our North American and Australian operations, particularly the growth in transaction numbers in North America coupled with our ability to control our cost base, which actually decreased in real terms not to mention as a percentage of revenue," Mr Hupert said.
The company expects further growth for FY18.
Technology One Limited (ASX: TNE)
The Technology One share price got hammered earlier this month, shedding about 11% in a day to close at $4.55 on October 4.
The hammering came as the company revised its FY18 profit growth from between 10% and 15% to between 7% and 9%.
Technology One CEO Edward Chung attributed the downgrading of profits to the slower-than-anticipated return to profitability of the enterprise software company's consulting business.
But, since the sharp decline of Technology One's share price earlier this month, it has staged a comeback, rising by 8% to close on Monday at $4.94.
Technology One Executive Chairman Adrian Di Marco said 2017 has been one of the most challenging years in the company's history but "the strength and diversity" of its underlying business has allowed it to continue to grow.
"Looking forward with the strength of both the cloud business and new licences, and the removal of these significant events in the New Year, and the return of our consulting business to profit growth, the company is well positioned for continuing strong growth in the coming years," Mr Di Marco said.
JCurve Solutions Ltd (ASX: JCS)
JCurve Solutions Ltd, with a market cap of $12.5 million, is living up to its name.
The company's share price had been trending downwards from this time last year to July this year.
But, in the past three months, JCurve's share price has gained 137% to close on Monday at 3.8 cents.
The cloud technology company reported EBITDA for FY17 of $600,000.
JCurve expects that figure will increase by as much as 100% for FY18, offering a guidance range between $1 million and $1.2 million.
JCurve Solutions Chairman Bruce Hatchman said in FY2017 his company was $1.1 million cash flow positive, remained debt free and held $3.5 million in cash reserves.
"This places JCurve Solutions in a very strong financial position to evaluate diversification opportunities," Mr Hatchman said.
These tech shares are definitely worth keeping an eye on.
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