Australia's Prophecy International slips on soft FY26 outlook

Prophecy International Holdings

08/09/2025 04:02

** Prophecy International Holdings PRO.AX slips 13% to A$0.3, lowest since September 1

** Software designer expects FY26 revenue growth, financial performance to be impacted by declining customer retention for its cybersecurity software Snare, sluggish sales, especially in U.S.

** Plans to adopt more conservative approach to pipeline conversion for Snare in FY26

** Around 135,000 shares traded, ~1.6x the 30-day avg

** YTD, PRO falls 43.4%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))