Business
The Straker (ASX:STG) share price is rocketing 13% today
The Straker Translations Ltd (ASX: STG) share price is rocketing higher today after the company released its quarterly activities report.
The Straker share price is up a hefty 13.55% at the time of writing, trading at $1.76 per share.
Straker is a cloud-enabled translation services provider, involved in both business and personal translation. Let’s see what’s driving its share price so much higher today.
Straker’s continued growth
Straker reported $9 million in unaudited revenue for its March quarter results, up 19% sequentially on the previous December quarter. Its FY21 revenue was up 31% on the previous year to $31.3 million, while its acquisition of translation service Lingotek has brought in $1.9 million in two…
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