Australia's Bravura Solutions soars 17% on earnings beat, capital return
BUZZ-Australia's Bravura Solutions soars 17% on earnings beat, capital return ** Shares of Bravura Solutions BVS.AX surge 16.9% to A$3.260 in early trading, hitting their highest level since October 15, 2025
** BVS marks its best intraday gain since July 10; top gainer in the ASX All Ordinaries index .AORD
** BVS, which provides technology to funds and wealth managers, posts FY26 underlying net income of A$63.1 million ($44.57 million), up 159% from last year and 11.5% ahead of the Visible Alpha consensus
** Forecasts FY27 cash EBITDA between A$84 million and A$94 million, ahead of A$77.1 million in FY26 and consensus of A$83.5 million
** Announces share buyback of A$50 million, a special dividend of 6.69 Australian cents, and a final ordinary dividend of 8.31 Australian cents
** BVS up 26.8% this year, including the day's move
($1 = 1.4158 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)