Australia's Knosys surges on winning $2.7 million contract extension with ANZ

ANZ group

27/05/2026 04:27

** Shares of Knosys Ltd KNO.AX rise as much as 47.1% to A$0.025, their highest level since January 29
** Stock books its biggest intraday pct gain since mid-October 2020
** Software-as-a-Service provider says major lender ANZ ANZ.AX has signed a two-year contract extension, with an optional third year, for A$3.8 million ($2.72 million)
** Says contract for the continued use of the company's knowledge management enterprise solution, KnowledgeIQ
** More than 1.9 million shares change hands, 5.8 times the 30-day average
** Stock down 4.8% YTD, including the day's moves
     
($1 = 1.3965 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))