Australia's Felix Group hits 7-week high on securing contract with GPT Group
27/01/2022 04:38
** Procurement management platform operator Felix Group
FLX.AX climbs as much as 8.9% to A$0.305, marking its best day
since Dec. 8
** Co says it has secured a three-year contract with one of
Australia's largest diversified property groups, GPT Group
GPT.AX urn:newsml:reuters.com:*:nFWN2U61KD
** Under deal, co says its full suite of modules will be
rolled out and the FLX platform will be integrated into GPT's
third-party risk and compliance systems
** Says deal is expected to generate an additional A$300,000
($212,490.00) of annual recurring revenue for co
** Stock down 11.1% YTD, as of last close
($1 = 1.4118 Australian dollars)
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))