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.

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.

The post Let's get technical! 5 best All Ords tech shares of the quarter revealed appeared first on The Motley Fool Australia.

Since debuting on the exchange last week, shares in the water technology company have almost doubled.

Let's take a closer look at why investors have been pushing the Rubicon Water share price higher.

Rubicon Water share price makes big splash

Shares in Rubicon debuted on the exchange last week after issuing 42.8 million shares for $1.00 in its initial public offering (IPO).

On its first day of trading, the Rubicon Water share price closed 63% higher for the day at $1.63.

Leading broker Bell Potter was the sole lead manager for Rubicon's IPO.

According to the Australian Financial Review's Street Talk column, three ethical funds got the lion's share of the company's IPO. As a result, many retail investors were left scrambling for the remainders.

Yesterday, Rubicon Water shares were swapping hands for $2.05, more than double their initial price.

At the time of writing, shares in the water technology company are trading at around $1.94, down 1.02% for the day.

More on Rubicon Water

Established in 1995, Rubicon specialises in water-saving irrigation automation technology.

The company's technology provides a range of solutions that help users modernise their irrigation distribution channels and networks.

Rubicon's technology automates the measurement and control of water flow via solar-powered aluminium gates and soil sensors.

As a result, the company's system reduces spillage by accurately measuring and accounting for water. Prior to this, irrigation control points had to be turned on or off manually.

The technologies provided by Rubicon are used by various institutions such as governments, irrigation water authorities, and farmers.

According to its prospectus, Rubicon's technology is implemented in more than 1 million hectares of irrigated land.

The company also notes a pipeline of products and patents across 21 jurisdictions.

What's next for Rubicon Water?

For 2021, Rubicon has forecasted $80.4 million in revenue for 2021, and $7.5 million net profit, on a pro forma basis.

The company generates more than 85% of its revenue through hardware sales. Rubicon boasts a growing software arm and also generates revenue from maintenance of its products.  

Rubicon's management cited that the company was pursuing a listing in order to access greater capital to assist its growth strategy.

Capital raised through the IPO will go toward establishing itself in more offshore markets, as well as research and development of new hardware and software products.

The post The Rubicon Water (ASX:RWL) share price has doubled since last week's IPO appeared first on The Motley Fool Australia.