Australia's Knosys drops after co extends contract with Optus

Knosys

08/04/2022 05:19

** Shares of cloud software firm Knosys Ltd  KNO.AX  drop as
much as 4.6%
    ** Co says it signed a two-year contract extension with
Optus (https://bit.ly/3vmlhZF)
    ** Adds that the contract value over the entire period is
expected to be A$2.1 mln ($1.57 mln)
    ** The contract extension combined with other recently
announced wins with Service Tas and Service SA positions KNO
well this FY
    ** Knosys says it's looking to invest in several initiatives
to drive further sales in FY22 and beyond 
    ** Knosys stock down ~30% so far this year

    ($1 = 1.3374 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))