Comms Group Posts AU$14.1 Million Total March Group Revenue, Shares Up 18%

MT Newswires Live

04-10

Comms Group (ASX:CCG) reported AU$14.1 million in total group revenue for the March quarter, according to a Thursday Australian bourse filing.

The company said new sales contracts signed within the quarter were a total of AU$2.4 million in annual recurring revenue.

The company expects its global revenue to increase over the coming months as it has won "major" customers across 20 countries during the first three quarters of the fiscal year.

The company's shares rose 18% in recent Thursday trade.

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