In late morning trade on Wednesday the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing the benchmark index is down 1.2% to 6,086 points.
Four shares that have not let that hold them back are listed below. Here's why they are storming higher:
The Bigtincan Holdings Ltd (ASX: BTH) share price is up 3.5% to 90.5 cents. Investors have been buying the AI-powered sales enablement automation platform provider's shares after the release of its full year results. Bigtincan reported revenue growth of 56% to $31 million and annualised recurring revenue (ARR) growth of 53% year on year to $35.8 million. Pleasingly, management expects this strong form to continue in FY 2021. It has forecast ARR growth of 36.9% to 48% year on year.
The Cleanaway Waste Management Ltd (ASX: CWY) share price has jumped 8% to $2.42. This follows the release of the waste management company's full year results. Cleanaway was a solid performer in FY 2020 despite the pandemic. It reported an 8% increase in underlying net profit after tax to $152.9 million. This positive form allowed the company to increase its full year dividend by 15.5% to 4.1 cents per share.
The Worley Ltd (ASX: WOR) share price is up 6.5% to $9.71 after delivering strong profit growth in FY 2020. The global engineering company reported a 66% increase in underlying NPATA to $432 million. Also growing strongly was its underlying operating cash flow. It came in at $881 million, up from $239 million a year earlier. This was driven largely by the first full year contribution of the recently acquired Jacobs ECR business.
The Zip Co Ltd (ASX: Z1P) share price has surged 18.5% higher to $8.97. This morning the payments company announced a deal with eBay Australia. That deal will see the newly launched Zip Business offer eBay's 40,000 Australian small and medium-sized businesses the opportunity to access working capital via the eBay marketplace.
