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American Virtual Cloud Technologies Continues Thursday's Climb

Investing.com
·1-min read

By Sam Boughedda

Investing.com — American Virtual Cloud Technologies Inc (NASDAQ:AVCT) shares rose 29% on Friday after gaining 82.5% a day earlier.

On Thursday, the global IT solutions provider announced significant projected revenue growth, which the company said is driven by a 505% year-over-year subscriber growth from January 2019.

Friday's session has seen the company's shares touch a high of $3.13, helped by the announcement that AVCT's Kandy Communications business unit and Braidio, a customer engagement platform, have expanded their partnership.

The partnership is for an 80,000-user telehealth application and a pet wellness application by a premier veterinary hospital system in the U.S., servicing over 25,000 customers.

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Chuck Canton, president of Kandy explained that Braidio "bring significant expertise in industry-specific applications that leverage our Communication Platform as a Service capabilities."

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