Australia's Bigtincan climbs on acquisition, upbeat trading update
17/06/2021 02:18
** Bigtincan BTH.AX rises as much as 9.8% to A$1.120,
hitting its highest since Feb. 16
** The AI-powered software maker says it signed a binding
deal to buy Switzerland-based Vidinoti SA, which makes augmented
and virtual reality systems, for about A$770,000 ($586,201)
urn:newsml:reuters.com:*:nASX4GsRHG
** Says Vidinoti holds patents in core areas of technology
that will further advance BTH's offerings
** BTH says it has achieved A$53 mln in annualised recurring
revenue, surpassing previous guidance of FY21 ARR to be at the
top end of A$49 mln to A$53 mln
** Stock posts its biggest intraday percentage gain since
Feb. 25
** More than 2.5 mln shares change hands, compared with the
30-day average volume of about 1.4 mln
** Stock down 7.3% this year, as of last close
($1 = 1.3135 Australian dollars)
(Reporting by Rashmi Ashok in Bengaluru)
((Rashmi.Ashok@thomsonreuters.com; +918061822604;))