Australia's Dropsuite rises on upbeat Q2 performance

Dropsuite

20/07/2021 03:32

** Shares of Dropsuite Ltd  DSE.AX  rise as much as 10% to
A$0.22, their biggest intraday pct gain since June 23
    ** The cloud software platform posts second-quarter annual
recurring revenue of A$11.03 mln ($8.10 mln), up 82%
year-on-year on a constant currency basis 
    ** Says users for the quarter climbed 51% to 518,000
 urn:newsml:reuters.com:*:nASXbhWGbN
    ** Over the quarter, co onboarded 19 new transacting
partners and will be working on further integration during the
coming quarters - DSE
    ** Stock up about 38% this year, as of last close

    ($1 = 1.3613 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))