Why it matters: Once a market darling, Nuix shares have fallen significantly
The company said it had extended contracts, adding to its earnings this year
Nuix is still being scrutinised by the corporate regulator over disclosures
Nuix shares rose sharply on Thursday after the company, which develops investigative software for large businesses, said it expected earnings to be higher than they were last year after it signed major contracts.
Nuix shares rose 40 per cent on Thursday morning to $1.21 after the company announced its annualised contract value was expected to come in between $184 million and $186 million, thanks in part to its client, the Australian Taxation Office, agreeing to sign a three-year extension to February 2026 for $6.8 million.
Loading...
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
