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Bravura Solutions (ASX:BVS) Share Price Jumps 8%

The Bravura Solutions Ltd (ASX:BVS) share price jumped 8% today as investors responded to its presentation that was announced yesterday. 

The Bravura Solutions Ltd (ASX: BVS) share price jumped 8% today as investors responded to its presentation that was announced yesterday.

Bravura Solutions is wealth management software business that is currently trying to take over GBST Holdings Limited (ASX: GBT), another fintech business.

What Bravura Said In Its Presentation

Bravura said its strong pipeline is driven by sales opportunities from new clients and significant project activity from existing clients.

The demand in the UK, Australia, New Zealand, South Africa and Asia is being driven by clients’ need for speed for new products, digital capabilities, navigating maturing and evolving regulation and extracting operational efficiencies.

Bravura boasts that its strong growth and greater efficiency is driving increased operating leverage.

It is increasing its investment in Sonata, its flagship product for financial institutions, to support client demand and further improve product functionality.

Bravura ended by confirming that full year 2019 guidance for earnings per share (EPS) growth in the mid to high teens has been re-affirmed.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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