Australia's Qoria rises as takeover suitor logs higher annual recurring revenue

Qoria

25/03/2026 23:45

** Shares of Qoria QOR.AX rise as much as 10.3% to A$0.320, logging their best day since February 27

** Stock hits its highest level since March 18

** Tech firm says its suitor, U.S.-firm Aura, logged 30% growth in its annual recurring revenue of $238 million as at Feb. 28

** Adds, its board of directors continues to recommend the scheme of Aura acquiring QOR

** Stock down 46% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))