Australia's Atturra soars as co upgrades outlook on robust demand for services

Atturra

12/05/2022 01:55

** Shares of Atturra Ltd  ATA.AX  jump nearly 17% to A$0.76,
their sharpest gain since Jan. 17
    ** The consulting and IT services provider forecasts FY22
revenue to be at the top end or slightly exceed prior guidance
range of A$127 mln ($87.81 mln) to A$130 mln  urn:newsml:reuters.com:*:nASX1QgRSB
    ** Sees underlying FY22 EBIT to be above A$13.5 mln, up from
the range of A$11.7-A$12.3 mln 
    ** Says forecast upgrade driven by better-than-expected
results for March and April as impact from COVID-19 subsided
    ** Adds that it experienced a lower than anticipated impact
of the Federal election on the demand for services in the public
sector 
    ** Stock climbs to its highest since March 30
    ** About 164,000 shares change hands, compared with the
30-day average volume of 86,000
    ** ATA up 8.3% this year, as of last close


($1 = 1.4463 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))