Australia's Archtis sees best day in 7 months on upbeat quarterly results, forecast

Archtis

31/01/2023 02:10

** Shares of Archtis Ltd  AR9.AX  rise as much as 25% to
A$0.125 - set for best day since June 23, 2022, if gains hold 
    ** Software co records annual recurring revenue of A$3.5 mln
($2.47 mln) in Q2 FY23, up 116% on prior corresponding period
    ** Says customer receipts increased 40% to A$1.4 mln
    ** Sees 60% annual revenue growth in FY23 
    ** Shares hit highest levels since Dec 2, 2022
    ** About 486,800 shares change hands, compared with the
30-day average volume of 197,540 shares
    ** Shares down 9.1% YTD, as of last close 
($1 = 1.4160 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))