Nuix (ASX:NXL) is targeting about 15% growth in annualized contract value in fiscal 2025, slightly higher than the 14% rise to AU$211.5 million in fiscal 2024.
The guidance is underpinned by the continued successful rollout of Nuix Neo, revenue growth exceeding operating cost growth, and a positive underlying cash flow for the full year, according to a Wednesday filing with the Australian bourse.
Shares of the investigative analytics and intelligence software company fell 20% in recent Wednesday trade.
Price (AUD): $6.04, Change: $-1.54, Percent Change: -20.32%
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