Australia's Nuix gains after higher FY profit forecast

Nuix

20/05/2024 02:27

** Shares of Nuix Ltd  NXL.AX  rise as much as 20.2% to A$
$2.86, their highest since Nov 17, 2021 
    ** The Australian analytics and intelligence software firm
sees FY24 underlying core profit between A$63 mln ($42.2 mln)
and A$68 mln, up more than 36% on FY23
    ** Results positively impacted by positive trading in H2,
including "significant" multi-year deal - Co 
    ** Nuix stock up ~47% so far this year

   ($1 = 1.4925 Australian dollars)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))