Australia's Tesserent hits 2-week high on upbeat results

Tesserent

19/11/2021 01:04

** Shares of Tesserent Ltd  TNT.AX  jump as much as 7.5% to
A$0.215, their highest level since Nov 4
    ** The IT security services provider says https://www.asx.com.au/asxpdf/20211119/pdf/4535fnkyfzr9vh.pdf
 turnover growth for the year ended Oct 2021 is 67%, while
divisional EBITDA growth is 150% vs prior year period
    ** Adds that 42% ARR for the period is at record levels 
    ** About 2.8 mln shares change hands, 1.1x the 30-day
average volume of 2.5 mln; posts weekly gain of 10.5%
    ** Stock among top 5 percentage gainers in the ASX All
Ordinaries index  .AORD 
    ** Stock down 40.3% YTD, as of last close, vs a
12.6%increase in the ASX All Ordinaries index  .AORD 

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))