Nuix Signs Contract Extension with Australian Securities and Investments Commission; Shares Up 3%

MT Newswires Live

2024/12/03

Technology company Nuix (ASX:NXL) secured a three-year contract extension with the Australian Securities and Investments Commission worth AU$10.8 million, according to a Tuesday filing with the Australian bourse.

Revenue for the Early Case Assessment and Evidence Management software contract, excluding support and maintenance, will be recognized in the fiscal second half, the filing said.

Nuix shares rose 3% in morning trade Tuesday.

Price (AUD): $6.47, Change: $+0.19, Percent Change: +3.03%

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