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

Reuters
07 Apr
BUZZ-Australia's Nuix slumps on geopolitical uncertainty impacting FY contract value growth

** 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;))

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