Australia's 8Common climbs as higher travel activity fuels March SaaS revenue

8Common

15/03/2021 03:22

** Shares of 8Common Ltd  8CO.AX  rise as much as 5.9% to
A$0.18, their highest since March 3
    ** The fintech firm posts March recurring and
transaction-based SaaS revenue of $226,000, the highest since
Dec 2019   urn:newsml:reuters.com:*:nASX2p60Kk
    ** Cites increase in users and higher travel activity for
revenue surge
    ** Co sees March-quarter recurring SaaS and
transaction-based revenue to be higher than $630,000
    ** Stock posts its biggest intraday percentage gain since
March 1
    ** Stock up 13.3% this year, as of last close
    
    

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))