Australia's Bigtincan Holdings jumps most in nearly 4 mths on cost cut program

Bigtincan Holdings

15/09/2023 02:41

** Shares of Bigtincan Holdings  BTH.AX  rise as much as 17%
to A$0.345 - marking their best day since May 22
    ** Stock last up 13.6%
    ** Software co to implement cost reduction program and
reduce operating expenditure by 10%
    ** Adds cost reduction program to involve reduction of full
time roles in the business, as well as adjustments in contractor
and program spend
    ** Co sees program to further build on positive cash flow
metric achieved in FY23
    ** Stock has fallen 44.3% this year as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))