Australia's Nuix rises on contract extension with watchdog ASIC
03/12/2024 04:16
** Shares of software developer Nuix NXL.AX rise 4.7% to
A$6.575, eyeing their best session since Nov. 14
** The analytics and intelligence software firm signs A$10.8
mln ($6.99 mln) three-year contract extension with Australia's
corporate watchdog, Australian Securities and Investments
Commission (ASIC)
** Revenue for the contract will be recognised in the second
half of FY25 when the previous agreement ceases
** Stock has risen 231.4% this year, as of last close
($1 = 1.5461 Australian dollars)
(Reporting by Namrata Verma in Bengaluru)
((Namrata.Verma@thomsonreuters.com;))