AFR: SiteMinder surges 20pc as profit is in sight
The Australian Financial Review reported that SiteMinder shares rose more than 20% following the release of the company's Q4FY23 Activities report and a trading update to the market.
"Shares in hotel booking software company SiteMinder rose more than 20 per cent on Friday after the company said it expected to be profitable in the second half of this financial year, following strong revenue growth and a cut in spending."