Australia's Firstwave Cloud Technology climbs on contract with Microsoft

Firstwave Cloud Technology

10/02/2022 02:30

** Shares of the cyber security tech firm  FCT.AX  rise as
much as 9.4% to A$0.070, on track for their biggest pct gain
since Oct. 26 
    ** Co says due to the acquisition of software co Opmantek,
FCT has in place a deal with Microsoft  MSFT.O  to monitor and
secure the global technology giant's Internet of Things (IoT)
devices  urn:newsml:reuters.com:*:nASX2w69c8
    ** Adds that during Q3 FY22, Microsoft will roll out
FirstWave's technology to an initial tranche of 20,000 devices 
    ** Shares hit their highest level since Jan. 20 
    ** More than 2.4 mln shares change hands, compared with the
30-day average volume of ~561,800 shares  
    ** Stock down 20% this year, as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))