Australia's Cirrus Networks jumps most in over 5 mths on record FY23 results

Cirrus Networks Holdings

06/07/2023 02:18

** Shares in Australian IT firm Cirrus Networks  CNW.AX 
soar as much as 20.6% to A$0.041, their biggest intra-day pct
gain since Feb. 2 
    ** Co posts record FY23 revenue of A$112 mln ($74.54 mln),
up 8% on FY22 
    ** Reports record FY23 adjusted EBITDA of A$4.8 mln, up 126%
on FY22 
    ** Says co is well placed to deliver another record results
in FY24 
    ** Shares hit their highest level since Feb. 2 
    ** More than 6.8 mln shares change hands as compared with
the 30-day average volume of ~630,641 shares  
    ** Stock up 3.0% this year as of last close, vs a 3.1%
increase in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.5026 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))