Ann: Nuix announces FY21 results, page-175

Quote from AFR :Is it remotely possible there’s a bargain to be had here yet? Despite all its travails over the past nine months, it does seem there is near unanimous agreement that Nuix’s core software product is very good.

But the issue is surely one of credibility, and that takes time to rebuild. After everything that’s happened at Nuix in the last nine months – the profit downgrades, the implosion in the share price, the internal ructions, the investigations by the Australian Federal Police – surely investors need to see some signs the quality of Nuix’s products is being recognised in the market.

Yes, this is a tech company with a big R&D budget, so earnings growth will take time. But strong revenue growth and good cost control – that is, the basics of management – are a minimum if investor faith is to be restored.

Beyond that, much will turn on who Nuix picks to replace Vawdrey. An experienced tech executive who can win over the market – and then deliver – will make the difference.