Australia's Prophecy International hits near-2 month high on ARR growth

Prophecy International Holdings

13/04/2023 04:04

** Shares of business software developer Prophecy
International  PRO.AX  rise as much as 9.1% to A$0.60, their
highest level since Feb. 17 
    ** Says its base annualised recurring revenue (ARR) was
$21.3 million as of March 31, a 16% rise from June 30, 2022
    ** Expects to be cash flow positive for the remainder of the
financial year 
    ** Trading volumes cross 3x the 30-day average 
    ** As of last close, PRO down 6.8% YTD

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))