The news: Nuix, an intelligence software company, has cautioned that its yearly contract growth is expected to be at the lower range of their projected targets for the year.
The numbers: Nuix has forecasted an annualised contract value growth ranging from 11% to 16% for the fiscal year 2025.
The context: Nuix informed investors that "the recent rise in unpredictability due to uncertainties and fluctuations in the geopolitical and global economic environment [... ] is affecting the consistency of when deals will be finalized."
The firm stated that it remains on track with the deployment of Nuix Neo, a novel solution designed to transform intricate data into valuable business insights and facilitate AI integration. The company anticipates that revenue growth will surpass increases in operational costs, leading to a positive underlying cash flow for the entire year.