Australia's Urbanise.com eyes best day in over 8 months

Urbanise com

21/12/2021 04:18

** Cloud-based software firm's shares  UBN.AX  jump as much
as 7.1% to A$0.91, biggest intraday pct gain since April 1
    ** Company says it continues to have a high recurring
revenue base and customer retention  urn:newsml:reuters.com:*:nASN0020NX
    ** UBN says there is growing demand for its cloud-based
Strata platform in Australia and integrated facilities
management and strata solutions in the Middle East
    ** Company said on Dec. 15 its CEO Saurabh Jain resigned https://wcsecure.weblink.com.au/pdf/UBN/02466755.pdf
 with immediate effect, stock fell 3.5% on that day
    ** UBN says no impact to existing customer and contract base
after CEO change
    ** Company's shares down 23.4% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com))