Australia's Nuix slumps on geopolitical uncertainty impacting FY contract value growth

Nuix

07/04/2025 03:10

** Shares of Nuix NXL.AX fall 5.5% to A$2.560, their lowest level since May 20, 2024

** Investigative analytics and intelligence software provider says annualised contract value growth for full year to be at lower end of previous range of 11% to 16%

** Says increase in geopolitical uncertainty impacts the predictability of deal closure timeframes

** Stock fell as much as 13.6% to A$2.344 earlier in the day

** Stock on track for seventh consecutive session of losses if current trends hold

** Stock down 60.3% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))