Australia's Dropsuite rises on strong quarterly results

Dropsuite

22/07/2024 02:01

** Shares of Dropsuite  DSE.AX  rise as much as 11.4% to
A$3.420, their highest level since July 19, 2023
    ** Cloud-based software maker says its annual recurring
revenue of A$39.9 million ($26.68 million) was up 31% on pcp
    ** Co records quarterly paid user count of 112,000
    ** Stock posts its biggest intraday gain since June 11 - if
current gains hold
    ** Stock is up 7.7% this year as of last close

($1 = 1.4954 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))