Sydney, Australia – Global Software company Nuix (‘the Company’, ASX: NXL) today provides an update
in relation to expected earnings for the full year ended 30 June 2024 (FY24).
Based on general positive trading into the second half, including a significant multi-year deal win, Nuix is
likely to exceed its strategic target of growing statutory revenue by around 10% in constant currency for the
full year, noting that June is a significant month for contract renewals.
Nuix currently expects that Statutory EBITDA for the full year FY24 is likely to be in the range of $47 - $52
million (up greater than 35% on FY23). We note that any further change in statutory revenue will have a
consequent direct impact on EBITDA given the high margin attributable to incremental statutory revenue,
and particularly from multi-year deals given revenue recognition standards. Nuix currently expects that
Underlying EBITDA, which excludes non-operational legal costs, is likely to be in the range of $63 - $68
million for FY24 (up greater than 36% on FY23).
Sydney, Australia – Global Software company Nuix (‘the Company’,...
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