Nuix expects lower deal growth due to geopolitical volatility

The news: Intelligence software group Nuix has warned that its annualised contract growth is tracking to the lower end of its full-year guidance.

The numbers: Nuix had guided a range of 11% to 16% growth in annualised contract value for FY25.

The context: Nuix told investors that "recent increases in uncertainty and volatility in geopolitical and global economic landscape [...] are impacting the predictability of deal closure timeframes."

The company said it continues to execute on the rollout of Nuix Neo, a new offering that turns complex data into insights for businesses and enables artificial intelligence integration. It expects revenue growth to exceed operating cost growth and positive full-year underlying cash flow.