In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a high. At the time of writing, the benchmark index is up 0.8% to 7,414.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are racing higher:
Nitro Software Ltd (ASX: NTO)
The Nitro share price has jumped 21% to $1.38. Investors have been buying this document productivity software company's shares amid a rebound in the tech sector and the release of its quarterly update. The latter revealed that Nitro had a record quarter and is on course to deliver on its annual recurring revenue guidance in FY 2022.
PointsBet Holdings Ltd (ASX: PBH)
The PointsBet share price is up 10% to $2.97. This follows the release of the sports betting company's quarterly update. PointsBet reported a 54% increase in turnover to $1,398 million. This was driven by a 37% increase in Australian turnover to $579.4 million and a 70% jump in US turnover to $818.6 million.
Sezzle Inc (ASX: SZL)
The Sezzle share price is up 8.5% to 88.5 cents. This morning the buy now pay later provider released its quarterly update and revealed active customer growth of 31.6% to 3.5 million. This supported a 20.1% year-on-year increase in underlying merchant sales, which hit US$450.5 million during the first quarter.
Siteminder Ltd (ASX: SDR)
The Siteminder share price has jumped 9% to $4.72. Investors have been buying this hotel booking technology company's shares after it reported a big improvement in its performance during the third quarter. SiteMinder recorded its strongest ever March quarter, with third quarter revenues of $29 million. This was up 16.1% year on year in constant currency.
