Business
Why the Sovereign Cloud (ASX:SOV) share price is sinking 5% today
The Sovereign Cloud Holdings Ltd (ASX: SOV) share price is on the move today following the release of a first half investor presentation.
In morning trade, the infrastructure as a service (IaaS) company’s shares are sinking 5% to 88 cents.
What is Sovereign Cloud?
Sovereign Cloud is an IaaS company supporting the secure and continuous delivery of information. It counts the Australian government, the Australian Defence Force (ADF), and Critical National Industry (CNI) communities as customers.
Through the AUCloud brand, the company’s IaaS service provides customers with a highly secure, scalable, automated cloud solution, delivering an efficient and effective hosting environment for critical and sensitive applications and…
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