Australia's Nuix rises on new contract win

Nuix

19/09/2025 05:44

** Shares of Australia's Nuix NXL.AX rise as much as 3.5% to A$2.98; set for biggest weekly gain since the week-ended August 29

** Stock has gained 21.5% so far this week

** Investigation software provider on Wednesday said that it won a multi-year contract to supply forensic analysis software to tax authority of German state Rhineland-Palatinate

** Nuix to provide technology to streamline and accelerate audits and investigations

** Around 1.4 mln shares change hands; nearly 1.1x 30-day average

** NXL currently up 1.2%, YTD down 53.9%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))