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Highlights
- The S&P/ASX 200 Information Technology index has lost 34.75% in the last 52 weeks
- LiveHire, JCurve, Reckon are some stocks from the Information Technology space that are hovering close to their 52-week highs
- This week, LiveHire signed a strategic alliance with Viventis Search Asia, valued at AU$525,000 over three years
The Information Technology (IT) market includes services such as computer networking, information technologies and services related to system designing. The market is broadly divided into three segments, namely hardware/software products, telecom, and IT services.
The S&P/ASX 200 Information Technology is the ASX's IT sector benchmark. The index has lost 34.75% in the last 52 weeks but is up by 4.42% so far this month. Though the benchmark is considerably down, few stocks from the sector are hovering close to their 52-week highs. Let us have a look!
LiveHire Ltd (ASX:LVH)
Image Source: © Arturszczybylo | Megapixl.com
LiveHire is a software-as-a-service (SaaS) platform operating on a worldwide basis. It connects job seekers to companies. It is a renowned recruitment and talent mobility software providing solutions to every requirement of employment.
This week, the company signed a strategic alliance with Viventis Search Asia. Under the agreement, LiveHire will offer its SaaS solution to Viventis across its Malaysia, Singapore, Philippines, and Indonesia domains. The agreement is valued at AU$525,000 over three years.
As of 14 July, shares of LVH are at AU$0.40, approx. 10% below their 52-week high.
JCurve Solutions Ltd (ASX:JCS)
JCurve Solutions is a business transformation tech firm. It provides the following management services:
- Consulting
- Field service management
- Digital marketing
- Business management
In Q4FY2022, JCurve reported a 29% increment in unaudited sales compared to the previous corresponding period (pcp). Overall, the company’s sales witnessed a 38% growth in FY2022.
At the end of FY2022, the company’s cash balance was AU$5.1million with net cash inflows of AU$1.7million in the last quarter.
As of 14 July, shares of JCS are trading at AU$ 0.07, over 7% below their 52-week high.
Reckon Ltd (ASX:RKN)
Reckon Limited is a software development company. It is based in Australia and functions through three key units:
- Practice Management Legal Group
- Practice Management Accountant Group
- Business Group
Following are the highlights of the company for the 12 months ended 31 December 2021
- Normalised revenue – increased by 1.6% compared to the pcp
- Normalised Earnings Before Interest, Taxes, Depreciation & Amortisation (EBITDA) - up 1.4% compared to the pcp
- Normalised NPAT (Net Profit After Tax) – 7.8% higher compared to the pcp
As of 14 July, shares of Reckon are at AU$1.24, around 10.14% below their 52-week high.
