Australia's Knosys up 14% on contract extension with Singtel

Knosys

02/12/2022 03:59

** Shares of Knosys Ltd  KNO.AX  climb as much as 13.8% to
A$0.099, eyeing their best day since July 27
    ** Software service provider says Singapore
Telecommunications  STEL.SI  has signed a two year contract
extension to continue using co's platform, KnowledgeIQ
 urn:newsml:reuters.com:*:nASX53yKhF
    ** Says expected value of contract to be A$750,000 
($511,050)  for its platform KnowledgeIQ which delivers
personalized information to employees and customers
    ** Adds that recent contract extensions with Australia and
New Zealand Bank, Optus and Singtel "give confidence in pipeline
opportunities" and sees its software-as-a-service solutions to
drive sales in FY23 and beyond
    ** KNO at its highest level since Oct 28
    ** Stock is down 43.9% this year, as of last close
    ($1 = 1.4676 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))