Software firm 8common rises after signing contract with Australian Taxation Office

8Common

07/07/2026 05:50

** Shares of Australia's 8common 8CO.AX rise as much as 95.8% to A$0.047, their biggest intraday pct gain 
** Stock hits its highest level since mid-September 2025 
** The expense management software provider says unit signs a three-year contract with Australian Taxation Office (ATO)
** Contract is valued at A$1.95 million ($1.35 million), including GST
** Expense8, the unit, is a cloud-based platform that helps organisations manage expense data and prevent fraud
** Contract for unit's SaaS, transaction and related services
** Stock up 8.1% YTD, including session moves

($1 = 1.4405 Australian dollars)




 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))