Australia's Prophecy International rises on strong sales, ARR growth

Prophecy International Holdings

11/07/2022 02:28

** Shares of business software developer Prophecy
International Holdings  PRO.AX  rise as much as 8.3% to A$0.910,
mark their biggest intraday pct gain since May 30
    ** Co posts 41% increase in total new sales from software
platforms Snare and eMite to A$12.3 mln ($8.40 mln) in FY22, up
from A$8.7 mln in FY21  urn:newsml:reuters.com:*:nASX1kbgmj
    ** Posts a 71% increase in total group ARR to A$18.4 mln, up
from A$10.7 mln in FY21
    ** Shares hit their highest since June 7
    ** Volumes are 3.6 times the 30-day average of 69,661 shares
    ** As of last close, stock down 34.9% this year


($1 = 1.4641 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))