ASX-listed Straker Translations tracks best day in 2 months as Q1 rev jumps

Arbitr

29/07/2021 01:33

** ASX-listed shares of the New Zealand-based translation
services provider  STG.AX  rise 5.9% to A$1.80, set for best day
since May 25
    ** Co reports 49% jump in Q1 revenue, mainly driven by more
than doubling of revenue from its strategic alliance with IBM
 urn:newsml:reuters.com:*:nASXbH8pZd
    ** Q1 gross margin improves to 57% from 48% a year earlier
    ** Up to Wednesday's close, stock up 15.2% this year

 (Reporting by Shashwat Awasthi)
 ((Shashwat.Awasthi@tr.com
mailto:Shashwat.Awasthi@thomsonreuters.com))