Tiger Brokers

BUZZ-Australia's Bravura Solutions surges 29% on full-year outlook hike

Reuters
Feb 09
BUZZ-Australia's <a href="https://laohu8.com/S/BVS.AU">Bravura Solutions</a> surges 29% on full-year outlook hike

** Shares of Australia's Bravura Solutions BVS.AX soar 29% to A$2.320, their highest since January 28

** Stock marks its biggest one-day gain since February 20, 2024

** BVS among top gainers in the ASX All Ordinaries index .AORD

** The wealth management software maker hikes FY26 revenue guidance to A$280 million ($196.87 million) and A$285 million, higher than prior forecast of A$265-A$275 million, and last year's A$256.8 million

** FY26 cash EBITDA now expected between A$69-A$73 million, above previous view of A$55-A$65 million and the Visible Alpha consensus estimate of A$60.4 million

** Attributes guidance hike to strong performance across the customer base

** BVS down 11.3% this year, including the day's move

($1 = 1.4223 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10