Australia's Alcidion Group eyes best day in 6 months on upbeat quarterly revenue

Alcidion

27/01/2022 02:52

** Shares of Alcidion Group Ltd  ALC.AX  jump as much as
13.3% to A$0.255, set for their best trading session since last
July 
    ** The healthcare software developer says total contracted
revenue to be recognised in FY22 rose 25% to A$27.1 mln ($19.20
mln) at the end of Q2  urn:newsml:reuters.com:*:nFWN2U61XS
    ** Co says new contracted revenue sold in Q2 were A$27.7 mln
with A$6.2 of that to be recognised in FY22 
    ** As of last close, stock down 18.2% this year

    ($1 = 1.4116 Australian dollars)
    

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))