Nuix's strong financial results for FY24

Nuix (ASX:NXL) held its Annual General Meeting on November 13, 2024, showcasing a robust performance for FY24. The company reported a 14% increase in Annualised Contract Value to $211.5 million and a 20.9% rise in statutory revenue, reaching $220.6 million. Nuix's innovative technology continues to transform data into actionable intelligence.

Nuix's strategic outlook and goals for FY25

Nuix aims to continue its growth trajectory into FY25, targeting approximately 15% growth in Annualised Contract Value. The continued rollout of the AI-enriched Nuix Neo platform is expected to drive this growth. Nuix plans to ensure that revenue growth surpasses operating cost growth and remains committed to being Underlying Cash Flow positive. With a strengthened financial position and strategic focus on key markets like the U.S., Nuix is well-positioned to meet its strategic targets. The company’s emphasis on ethical practices and innovation aligns with its mission to responsibly solve complex data challenges.

Executive insights from Nuix's leadership

We have experienced significant growth in FY24, demonstrating our ability to leverage our technology effectively. Our commitment to being a Force for Good ensures that we use our capabilities responsibly and ethically.