Australia's Archtis surges on Q1 ARR jump; confirms FY23 revenue outlook
27/10/2022 01:36
** Shares of Australia's Archtis AR9.AX rise as much as
7.14% to A$0.15, their highest since Oct 6
** The data security firm posts a 97% rise in its Annual
Recurring Revenue to A$3.5 million ($2.27 million) for the first
quarter urn:newsml:reuters.com:*:nASX5M03qc
** Co confirms FY23 outlook of minimum 60% revenue growth
** Co also announces quarterly revenue of A$1.3 mln as
compared to A$1.6 mln, reported a year ago
** Stock has fallen 26.3% this year as of last close
($1 = 1.5392 Australian dollars)
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))