Kore Group Holdings up after Q4 revenue beat

KORE group

30/03/2022 15:05

** Shares of Kore Group Holdings  KORE.N  up 5.8% at $5.75
in early trading
    ** KORE on Tuesday after markets closed reported Q4 revenue
rose 11.8% to $64.3 mln, above Refinitiv est. of $58.2 mln
 urn:newsml:reuters.com:*:nPn7DcrW2a
    ** Revenue growth in IoT solutions and connected health
segment of 51.8% and 44.1% respectively, helped boost overall
revenue 
    ** Expect FY22 revenue between $260 mln and $265 mln - co
    ** Stock down ~15% YTD

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))