Australia's Nuix slides to two-week low on annual loss
18/08/2022 02:00
** Shares of Nuix Ltd NXL.AX fall as much as 5.6% to
A$0.67, their lowest since Aug. 3
** Macquarie-backed software firm reports annual net loss
after tax of A$22.8 mln ($15.83 mln), compared to a profit of
A$25.2 mln a year ago urn:newsml:reuters.com:*:nASX71sWRZ
** Revenue down 13.5% at A$152.3 mln, hurt by lower value of
multi-year contracts sold and lower new sales
** Nuix undergoing strategic review, says upgrading service
offerings
** Stock posts its worst intraday pct drop since Aug. 8
** NXL down 67.7% YTD, as of last close
($1 = 1.4407 Australian dollars)
(Reporting by Harshita Swaminathan)
((Harshita.Swaminathan@thomsonreuters.com))