Australia's Straker Translation jumps on IBM contract extension

Arbitr

04/11/2022 03:09

** Straker Translations's shares  STG.AX  rise as much as
9.0% to A$1.27, highest since Sept. 26
    ** Stock on track for best day since July 25, if gains hold
    ** Straker extends services agreement with IBM  IBM.N  by
three years  urn:newsml:reuters.com:*:nASX3GrPV7
    ** Says IBM contributed A$14.8 mln ($9.35 mln) to FY22 rev
    ** Trading vols close to 44,000 shares vs 30-day avg of
16,200 shares
    ** Stock cuts YTD losses to ~18%
 
 ($1 = A$1.5830)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))