BUZZ-Australia's Dropsuite rise on upbeat quarterly update

Reuters01-18

** Shares of Dropsuite rise as much as 5.36% to A$0.295, their highest level since Jan 8

** Shares on track for their best day since Jan 9, if gains hold

** Cloud-based software maker posts for Dec quarter annual recurring revenue of A$34.3 million ($22.43 million), up 35%

** Stock gained 58.3% in 2023

($1 = 1.5291 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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