Stock Alert: Agora Up 10% On Customer Growth

(RTTNews) - Shares of Agora Inc. (API) are gaining nearly 10% on Wednesday morning after the company announced a sharp rise in the number of customers for the second quarter.

API is currently trading at $48.41, up $4.22 or 9.55%, on the Nasdaq.

Agora, a real-time engagement API provider, said the customer growth is driven by increased demand for real-time engagement technology.

Agora grew its customer base by 85.5 percent year-over-year as of June 2020, and it serves customers in more than 100 countries around the world through more than 10,000 active applications.