It was a rather uninspiring quarter for the All Ordinaries Index (ASX: XAO) during the first three months of the year. For those holding ASX tech shares, the stretch of time was particularly disappointing.
The invasion of Ukraine by Russia, paired with increased expectations of higher interest rates, led to a dismal 0.1% return during the period for the All Ords. Meanwhile, the information technology sector suffered a near 14% blow.
Nonetheless, there were some tech names that were able to expunge the negativity. So, let's peer into the top five ASX tech shares in the All Ords of the last quarter.
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Which 5 ASX All Ords tech shares stayed positive?
Data#3 Limited (ASX: DTL)
With it being such a challenging month for tech shares across the board, it didn't take much to make the top five tech shares in the All Ords this time around. That being said, IT solutions provider Data#3 scraped in with a flimsy 0.34% gain during the quarter.
The company's share price was saved from a lacklustre quarter in February when it released its first-half results for FY22. A 16% bump in revenue to $999.3 million and a 32% increase in net profit after tax (NPAT) gave investors renewed hope.
Rubicon Water Ltd (ASX: RWL)
A new entrant to the ASX All Ords tech share club, Rubicon Water managed to give shareholders some sunshine. The water technology solutions company bounced off its February low of $1.14 to finish the quarter 1.4% higher at $1.50.
At a quick glance, there were two notable items for the $250 million company between January and March. Firstly, Rubicon found itself being added to the ASX All Ords after debuting on the market in August last year. Secondly, the company released its FY22 first-half results. However, most figures represented a decline from the previous corresponding period.
Hansen Technologies Limited (ASX: HSN)
Making the podium as one of the best ASX All Ord tech shares during the quarter is Hansen Technologies. This billing solutions provider crept 7.3% higher to $5.74 per share while much of the tech category suffered.
It seems shareholders' optimism was fortified by the company's solid first-half results. A 13% lift in underlying NPAT and a retained FY2022 guidance will do that. Additionally, Hansen announced it signed a master agreement with Fortune 100 Energy giant Exelon Corporation on 15 March.
Computershare Limited (ASX: CPU)
Stock transfer company Computershare gave its investors something to celebrate in the last quarter. With a share price gain of 23.5% over the three-month period, the ASX All Ords tech share makes the leaderboard.
Overall, sentiment continued to improve for the Aussie company following its first-half results in February. Positively, management revenue increased 4.6% to US$1.2 billion. However, a 2% to 9% improvement in full-year guidance might have been the real star of the show.
BrainChip Holdings Ltd (ASX: BRN)
Finally, the MVP of ASX All Ords tech shares at the end of the quarter is none other than BrainChip Holdings. Despite falling from a new all-time high set in January of $1.76, the artificial intelligence chip developer posted a quarterly gain of 41.9%.
It was a fast-paced period for BrainChip, notching up an extra couple of patents and gaining Depository Trust Company approval. However, the company's widening losses of $19.5 million for FY21 took some of the gusto out of its sails.
