Business
Why the Audinate (ASX:AD8) share price is pushing higher today
The Audinate Group Ltd (ASX: AD8) share price is pushing higher in early trade.
At the time of writing, the media networking solutions provider’s shares are up almost 1% to $8.33.
Why is the Audinate share price pushing higher?
The catalyst for the rise in the Audinate share price this morning has been the release of its half year results. Those results revealed that the company has seen its revenue levels return to pre-COVID levels.
According to the release, Audinate reported revenue of US$11.1 million. This was flat on the prior corresponding (and COVID-free) period and up 19.5% on the second half of FY 2020.
Management advised that this was driven by a 48% increase in Software revenue. It notes that the company experienced…
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