Australia's FirstWave Cloud Technology hits over 2-week high on deal with Amazon's unit

Firstwave Cloud Technology

10/06/2025 04:53

** Shares of FirstWave Cloud Technology FCT.AX rise 23.1% to A$0.016, their highest since May 26

** The tech firm secures partnership with Amazon Web Services, a unit of Amazon AMZN.O and private U.S. company Corent Technology

** Deal to further develop and deploy the company's product suite on the Amazon Web Services Marketplace

** Co did not reveal any financial details of the partnership

** Stock set for biggest one-day percentage gain since April 10

** About 3.3 mln shares change hands, 7.7x the 30-day average of 431,713

** Stock down 30.4% YTD, including moves in the current session

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))