Australia's Cirrus Networks hits over 5-week high on contract win

Cirrus Networks Holdings

04/04/2022 03:40

** Shares of Cirrus Networks Holdings  CNW.AX  rise as much
as 3.3% to A$0.031, their highest since Feb. 24
    ** IT solutions firm wins https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02506229-6A1084992?access_token=83ff96335c2d45a094df02a206a39ff4
 a multi-year managed services contract from Icon Water - a
water and wastewater public utility firm owned by Australian
Capital Territory
    ** Says total contract value A$15.5 mln ($11.63 mln)
    ** Says contract to implement and operate network and
information and communication technology
    ** Adds trading performance has continued to improve in Q3,
with services revenue up 37% from last year
    ** CNW stock up for second straight session; about 1.3 mln
shares change hands, vs the 30-day average of 660,000 shares
    ** CNW up 7.1% this year, as of last close

($1 = 1.3326 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))