Australia's Sovereign Cloud climbs on contract win with Australian Electoral Commission

Aucyber

12/05/2021 02:38

** Shares of Sovereign Cloud Holdings  SOV.AX  climb as much
as 8.5% to A$0.77, their biggest intraday percentage gain since
April 15
    ** The software solutions provider secures a contract worth
A$3.1 mln ($2.43 mln) with the Australian Electoral Commission
(AEC)  urn:newsml:reuters.com:*:nASN0016PR
    ** Contract to deliver a cloud service for 3 years and
covering the next Federal Election period
    ** SOV hits highest since April 22
    ** Stock has fallen 31.1% this year as of last close



($1 = 1.2783 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))