Aussie software maker Prophecy hits 15-mth high on sales boost

Prophecy International Holdings

12/10/2021 05:56

** Software developer Prophecy International  PRO.AX  climbs
as much as 20.1% to A$0.865, its highest since July 7, 2020
    ** Stock posts its biggest intraday pct gain since Oct 7
    ** Co says, in FY22 to date, sales of its products eMite and
Snare up more than 800% and 46% y/y to A$3.2 mln ($2.35 mln) and
A$2.2 mln, respectively
    ** Those sales have added A$2.9 mln to Prophecy's annualised
recurring rev, which is now at A$13.6 mln
    ** PRO's eMite provides cloud-based advanced analytics and
dashboard solutions, while Snare is a monitoring and analysis
tool to address auditing and security requirements
    ** ~1.5 mln shares change hands vs 30-day avg volume 74,000
shares
    ** Stock set to post second consecutive session of gains

($1 = 1.3613 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))