NZ's Solution Dynamics hits 3-week high on service deal with print facility operator

Solution Dynamics

13/06/2019 04:11

** Shares of Solution Dynamics Ltd  SDL.NZ  rise as much as
1.2% to NZ$1.70, highest since May 22
    ** Customer communication solutions provider signs master
service agreement with print facility operator  urn:newsml:reuters.com:*:nFWN23J0QA
    ** Expects contract to be materially beneficial to revenue
growth and sees revenue jump of about 40% on a fully annualised
basis by FY21
    ** Co continues to see ongoing revenue and margin pressure
in the domestic mail and print business
    ** Software and development revenues weaker than previously
forecast in Q4, SDL adds
    ** Stock on track for a third consecutive session of gains;
down 19.5% this year, as of last close

 ((Anushka.Trivedi@thomsonreuters.com ; +918067491413; Reuters
Messaging: anushka.trivedi.thomsonreuters.com@reuters.net))