Australia's Bigtincan rises after quarterly trading update

Bigtincan Holdings

27/07/2022 02:06

** Shares of AI-powered software provider Bigtincan Holdings
 BTH.AX  rise as much as 3.8% to A$0.68
    ** Co posts annualized recurring revenue (ARR) of A$120 mln
($83.47 mln) at June 30, up 126% compared to last year
 urn:newsml:reuters.com:*:nASXXYqWc
    ** Expects that operating expenses, capitalized R&D
spending, among others will reduce within FY23 to be in the
range on A$31m-$33 mln per quarter 
    ** Stock has fallen 35.5% this year, as of last close

($1 = 1.4376 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))