Australia's Nuix plunges to more than one-year low on withdrawing FY25 outlook

Nuix

07/05/2025 02:32

** Nuix NXL.AX plunges as much as 24.7% to A$1.785, lowest since February 20, 2024

** Stock posts biggest intraday pct drop since January 28; top pct loser on benchmark index .AXJO, which is up 0.2%

** Software provider withdraws its Annualised Contract Value (ACV) target range of 11%-16% in constant currency for FY25, along with strategic targets related to rev growth, underlying cash flow

** Flags unpredictable operating conditions amid geopolitical uncertainty

** YTD, NXL down ~69%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))