UK's Touchstar hits over 1 month high on contract win
08/11/2022 08:40
** Shares of software solutions developer Touchstar Plc
TSTT.L up 13.3% at 85p; highest in more than a month
** Touchstar wins order from a petrochemical distribution
client to upgrade its network to co's latest cloud-based
solution urn:newsml:reuters.com:*:nTUC2PZV3J
** Adds, contract award is more than 1.5 mln pounds($1.72
mln) in first 12 months and recurring revenues under multi-year
licensing and support agreement for subsequent years
** Co's order book stands at 2.3 mln pounds vs 1 mln pounds
reported in interim results
** Including session's gains, stock has risen 20% YTD
($1 = 0.8723 pounds)
(Reporting by Hani Kollathodi in Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))