Australia's Knosys jumps on deal extension with ANZ

Knosys

10/10/2022 03:06

** Shares of Australia's Knosys  KNO.AX  rise as much as
5.9% to A$0.09, their highest since Sept. 27
    ** The global software firm announces that Australia and New
Zealand Banking Group  ANZ.AX  has signed a three-year contract
extension for the continued use of co's knowledge management
solution, KnowledgeIQ  urn:newsml:reuters.com:*:nASXFMxbC
    ** Says value of the contract over 3 years is expected to
exceed A$5 million ($3.19 million)
    ** Adds contract extension, combined with other recently
announced wins and renewals, positions co well for FY23, with a
strong and growing recurring revenue stream
    ** KNO posts its biggest intraday pct gain since Aug. 30
    ** Shares of ANZ Bank down 2.2%, eyeing for its worst day
since Sept. 30
    ** KNO stock has fallen 45.2% this year, as of last close
($1 = 1.5684 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))