Australia's Dicker Data hits near two-week high on 3-year distribution deal

Dicker Data

01/02/2022 04:52

** Shares of Dicker Data Ltd  DDR.AX  rise as much as 6.1%
to A$13.49, hit highest level since Jan. 20
    ** The computer parts distributor announces three-year
contract, under which it becomes software co Autodesk's
non-exclusive distributor for Australia and New Zealand regions
 urn:newsml:reuters.com:*:nGLF6l7qD
    ** Deal expected to be material and significant over the
course of three-year period
    ** Stock on track for third straight session of gains
    ** Stock has fallen 14.4% this year, as of last close

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