The 2022 financial year that has just wrapped up was a tough one for most ASX shares. FY2022 saw the All Ordinaries Index (ASX: XAO) lose around 11.05% of its value. But it was ASX tech shares that really took the brunt of investors' selling proclivities over FY2022. While the All Ords took an 11.05% hit, the S&P/ASX All Technology Index (ASX: XTX) fell far harder, losing a painful 35% or so over the financial year.
So it might come as a surprise that there were many ASX tech shares that did very well over FY2022, outperforming both the All Ords and the All Tech index. Let's check them out.
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The 5 best ASX All Ords tech shares of FY2022
Our first All Ords tech share to check out is Reckon Limited (ASX: RKN). This accounting software company started FY2022 off at 95.5 cents per share but finished up at $1.20. That's a rise worth a pleasing 25.65%. Shares of this company rocketed when it announced that it would be selling its Accountants Practice Management Group division back in May.
As we covered at the time, Reckon declared that it intended to sell this division to Access Group for $100 million, with the proceeds to be returned to shareholders. At the time, Reckon's share price soared by more than 50%, and it has kept its new highs ever since.
Something old, something new…
Next up we have a stalwart of the ASX tech sector in Computershare Limited (ASX: CPU). Computershare has been around since the late 1970s and operates one of the largest share registries in the world. Many ASX investors would have used its services to manage their own portfolios.
Over FY2022, Computershare shares went from $16.90 to $24.64. That's worth a gain of 45.8%. Investors can also add a couple of points there to account for this company's dividend, which is currently sitting on a yield of just under 2%. It appears investors have stayed bullish on Computershare over FY2022 thanks to its established business model and a perceived ability to handle rising inflation.
Let's now look at Brainchip Holdings Ltd (ASX: BRN). Artificial intelligence company Brainchip has been a popular share to watch in recent years, no doubt helped by its rather wild volatility. Over FY2022, Brainchip shares went as high as $2.34 and as low as 36 cents each.
However, its FY2022 numbers line up to give this company a gain of 63.27%, given it started July 2021 at 49 cents and finished on 30 June 2022 at 80 cents.
The tech share winners of FY2022 revealed
Our penultimate All Ords tech performer is none other than Envirosuit Ltd (ASX: EVS). Evirosuit is a company that provides environmental management solutions through its software platform. It started out in FY2022 trading at just 9 cents a share. But Envirosuit ended up finishing the year at 15.5 cents, resulting in a healthy 72.22% gain for investors.
In this case, a strategic partnership with international company Aeroqual, as well as another tie-up with the American space agency NASA, looks to have boosted investor confidence in this company over FY2022.
And our best performing All Ords tech share goes to… Silex Systems Ltd (ASX: SLX). Silex is an ASX tech share that specialises in uranium enrichment technology.
We saw Silex rise from 90 cents a share in July last year to $2.10 by the end of June. That's a gain worth a whopping 133.33%. That put Silex Systems at an eight-year high by June.
In this case, Silex's fortunes seem to have been boosted by the energy crisis that has gripped the world in 2022. This has been largely brought on by the Russia-Ukraine war, giving renewed focus to alternative sources of energy.
So that's five of the best-performing ASX All Ords tech shares of FY2022. It just goes to show that even though most ASX tech shares had a disappointing year, diamonds can always be found in the rough.
