Australia's Prophecy jumps most in over 8-1/2 years on recurring revenue growth

Prophecy International Holdings

26/11/2021 01:24

** Shares of software developer Prophecy International
Holdings Ltd  PRO.AX  surge as much as 41%, eyeing their best
day since Feb, 2013
    ** Co says its November Annualized Recurring Revenue (ARR)
is A$1.8 mln ($1.29 mln), making their year-to-date ARR to be
A$15.4 mln  urn:newsml:reuters.com:*:nASX1hY5mL
    ** Adds that FY22 focus would be to increase penetration of
Snare, co's cybersecurity product line, with focus on government
and defense segment in U.S.
    ** Stock hits highest since April, 2016
    ** More than 447,000 shares change hands, compared with the
30-day average volume of about 168,000
    ** Stock has risen 69.4% this year as of last close


($1 = 1.3951 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))