3 ASX tech shares totally crushing the All Ords following big announcements

These ASX tech shares are smashing the All Ords today…

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The All Ordinaries Index (ASX: XAO) is pushing higher today. In afternoon trade, the widely followed index is up 0.65%.

While this is positive, some All Ords shares are performing significantly better and are crushing the index today. Here are three that are on fire:

Bigtincan Holdings Ltd (ASX: BTH)

The Bigtincan share price is up 8.5% to 57.5 cents. This morning this sales enablement software company released its first quarter update and revealed very strong growth. Bigtincan reported a 162% increase in customer cash receipts over the prior corresponding period to $37.7 million. This was also a 20% increase over its fourth quarter numbers. In light of this, management believes it is on track to achieve its FY 2023 guidance of annual recurring revenue in the range of $137 million to $143 million and revenue in the range of $123 million to $128 million.

Nitro Software Ltd (ASX: NTO)

The Nitro share price is up 10% to $1.77. This follows the release of the document productivity software company's third quarter update and takeover speculation. In respect to the former, Nitro reported a 51% increase in annual recurring revenue to US$55.2 million. This puts the company on course to achieve its FY 2022 guidance. As for the takeover speculation, Nitro confirmed that the company has received expressions of interest from a number of qualified third parties.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price has jumped 20% to $2.82. This morning this semiconductor company revealed that it has successfully completed the full technology qualification of its Resistive Random-Access Memory (ReRAM) module manufactured by its research and development partner CEA-Leti. The qualification, using Weebit's demo chips incorporating its ReRAM module, confirmed the suitability of Weebit's embedded technology for volume production.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended BIGTINCAN FPO. The Motley Fool Australia has positions in and has recommended BIGTINCAN FPO. The Motley Fool Australia has recommended Nitro Software Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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