The Motley Fool

Bigtincan share price lifts on $2.8 million contract win

The Bigtincan Holdings Ltd (ASX: BTH) share price has soared 4.44% in early trade this morning after landing a new $2.8 million contract for a Paris-based beauty chain.

Why is the Bigtincan share price on the move?

The Bigtincan share price could trade heavily this morning after announcing the deal with Sephora USA Inc. Sephora is a subsidiary of the world’s leading luxury goods group, LVMH.

The group won the $2.8 million contract in a competitive bid for retail deployment in Sephora’s personal care and beauty stores.

Bigtincan’s Zunos software platform will be used to create a modern mobile learning and content environment for Sephora retail staff in the USA and globally.

Sephora operates over 2,600 stores in 34 countries worldwide, with 460 of those across the Americas.

The Bigtincan share price has already rocketed in early trade and will be one to watch this morning following the contract announcement.

Today’s news is the latest win for the group as it looks to extend its enterprise customer network on the platform.

How has Bigtincan performed on the ASX?

The Bigtincan share price has been a strong performer on the ASX in 2019. The company’s shares have rocketed 151.85% higher as at Friday’s close to sit at $0.68  per share, and have continued their gains today with shares currently trading for $0.70.

That’s edging closer to the group’s 52-week high of $0.73 per share set in November. That mark could be under threat following this morning’s $2.8 million contract win as investors react to the news.

Bigtincan’s market cap has swelled to $215.85 million as its consistent expansion and strong earnings have boosted its shares. The company’s shares climbed 10% higher on the back of a strong first quarter update on 31 October.

The group reported a 56% increase in customer receipts to $5.3 million and a 25% surge in cash payments.

The group spent $4.8 million in acquiring VeeloAsdeq Labs and a final earnout payment to Fatstax.

Foolish takeaway

The Bigtincan share price is definitely one to watch throughout the day following the company’s successful bid for the Sephora contract.

If you're investing for dividends rather than growth, check out these 3 high-yield shares in December!

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.