Australia's Felix Group at near 3-week high on strong Q1 results

Felix group

24/10/2023 02:16

** Shares of Felix Group Holdings Ltd  FLX.AX  rise as much
as 2.5% to A$0.083, their highest level since Oct. 12
    ** Software as a service provider's first-quarter total
group annualized recurring revenue surged 47% Y/Y
    ** Co says reduced net operating cash outflows sequentially
    ** Stock sees biggest intraday pct jump since Oct. 16
    ** Felix down ~38% this year, as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))