Australia's Data#3 plunges as changed Microsoft tie-up to reduce incentives

Data#3

17/12/2024 24:28

** Shares of Australia's Data#3  DTL.AX  fall as much as
13.1% to A$6.45
    ** Stock hits lowest since August 2023
    ** The IT solutions provider announced major changes to its
tie-up with Microsoft  MSFT.O  late Monday
    ** DTL said the changes under the partnership would reduce
the incentives earned on its enterprise agreements with the tech
giant
    ** Stock has fallen 12.1% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com))