Australia's 8Common eyes best day in nearly 3 weeks on strong Q2 results, outlook

8Common

12/01/2021 02:26

** Shares of 8Common Ltd  8CO.AX  rise as much as 7.4% to
A$0.145, set for best day since Dec. 24
    ** Fintech firm posts 14% jump in Q2 rev to A$1 mln
($770,500)
    ** Recurring software service rev up 7% from Q1 as the
effects of COVID-19 on travel and expense activity continued to
normalise - 8CO
    ** Says contracts from five federal government agencies
expected to drive rev back to pre-pandemic levels  urn:newsml:reuters.com:*:nASX6tgtk4
    ** Forecasts strong outlook for co in FY21
    ** Stock has fallen 10% this year, as of last close

($1 = 1.2979 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))