Business news

    The ASX200 rallies; Dubber soars on FY21 results; Cettire rallies on 333% revenue growth

    Article Image
    Highlights
    • The ASX200 is trading 0.33% higher at 7529.40 after lunchtime.
    • Dubber soars 6% on FY21 results including 97% revenue growth.
    • Cettire rallies on FY21 results including 333% revenue growth.

    The Australian market is rallying again today, trading 0.33% higher at 7529.40 after lunchtime as tech and healthcare stocks lead gains on the ASX.

    The tech rally is fuelled by a strong session for the Nasdaq on Wall St overnight. Appen is topping the tech gains today, trading 6.87% higher, while Wisetech Global is up more than 5.5% and Nextdc is rallying more than 4%.

    Bitcoin is trading 2.88% lower over the last 24-hours at US$47,048.66 at 1:15pm AEST.

    Cloud-based call recording software Dubber is surging more than 6% today after the company released FY21 results. For the year, Dubber reported 97% revenue growth YoY to $23.3m, annualised recurring revenue jumped 142% to $39m, and a 188% increase in subscribers to 420,000.

    Making headlines, luxury online retailer Cettire is rallying today after releasing impressive FY21 results despite even as the pandemic placed increased financial pressure on consumers. For the year, Cettire?s gross revenue soared 333% YoY to $124.5m, active customers grew 285% to 114,830 and orders increased 353% to 170,000 for the year.

    And China is banning children under 18 years old from playing video games for more than 3 hours per week, a dramatic reduction from the previous rules of 1.5 hours per day.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa