Australia's Prophecy International gains on supply deal with Singtel's Optus

Prophecy International Holdings

31/08/2022 04:27

** Shares of Prophecy International  PRO.AX  rise as much as
5.8% to A$1.00, their best day in nearly a week
    ** The software co says it has signed a five-year Master
Supply Agreement with Singapore Telecommunications'  STEL.SI 
Australian unit, Optus Networks   urn:newsml:reuters.com:*:nFWN3061MW
    ** Co says under deal, it will provide its lead products,
eMite and Snare to Optus and its customers 
    ** Adds that initial contract value is about A$2.0 million 
($1.37 million) over first 3 years of the contract, with upfront
and recurring revenue to be defined by purchase orders, under
MSA 
    ** Stock has fallen 26.7% this year as of last close

($1 = 1.4558 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))