Australia's Knosys gains most in 5 weeks on securing new contract

Knosys

03/09/2024 05:29

** Shares of Australia's Knosys  KNO.AX  rise as much as
11.1% to A$0.040, its biggest intraday pct gain since July 26
    ** Software services provider says awarded a five-year
contract by the Office of the Director Of Public Prosecutions
for Western Australia 
    ** Contract for use of KNO's knowledge management platform,
KnowledgeIQ
    ** Says contract has two options of one year each to extend
it to total term of seven yrs
    ** Adds value of the contract over the maximum seven-yr term
is expected to be A$985,000 ($663,791)
    ** Stock up 10.8% YTD, as of last close


($1 = 1.4839 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))