Australia's Prophecy International climbs to 2-week high on quarterly update

Prophecy International Holdings

01/05/2024 05:05

** Shares of Prophecy International Holdings  PRO.AX  rise
as much as 9.6% to A$0.855, their highest level since April 17
    ** The business software developer posts contracted annual
recurring revenue up 20% y/y at A$27.6 mln ($17.85 mln)
    ** Says positive cash flow expected in FY24
    ** About 221,638 shares change hands, compared with the
30-day average volume of 84,284shares
    ** Stock up 34.5% this year, as of last close

    ($1 = 1.5466 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))