EVS) share price bumped up 6% today // The Motley Fool Australia

The Envirosuite Ltd (ASX: EVS) share price launched up almost 6% in opening trade today following release of the company’s second-quarter results. Its shares have since retreated to 17.5 cents at the time of writing, up 2.94%.

Despite gaining more than 13% over the past six months, the Envirosuite share price has dropped roughly 37% in the 12 months since January 2020.

Why the Envirosuite share price is lifting today

Envirosuite, which develops environmental management technology solutions, listed four key highlights in its quarterly sales update. The company reported $1.1 million in new annual recurring revenue (AAR) during the quarter, having hooked 19 new clients. Envirosuite renewed 37 contracts totalling $2.7 million.

The…