Sinch shares surge 17 percent
Photo: Anders Wiklund/ TT

Sinch shares surge 17 percent after Twilio interim report

Shares of cloud services company Sinch are surging 17 percent in morning trading. The price rally is the biggest gain for the stock since last summer and means the share now trades at 34 kronor - the highest price since November.

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The appetite for Sinch shares was boosted after an interim report showing unexpectedly high profits and sales from American competitor Twilio on Friday, when the Stockholm Stock Exchange was closed for the weekend.

Twilio shares surged 24 percent after the report.

Sinch is expected to present its first-quarter report on Thursday.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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