Nuix (ASX: $NXL) FY24 Earnings Update

Nuix (ASX: $NXL) has provided an update on its expected earnings for the full year ended 30 June 2024 (FY24). The company anticipates exceeding its strategic target of growing statutory revenue by around 10% in constant currency for the full year, with a likely range of Statutory EBITDA of $47 - $52 million and Underlying EBITDA of $63 - $68 million for FY24.

Nuix's Executive Commentary on FY24 Earnings Update

Nuix is likely to exceed its strategic target of growing statutory revenue by around 10% in constant currency for the full year FY24, driven by positive trading in the second half and a significant multi-year deal win. The company expects Statutory EBITDA for FY24 to be in the range of $47 - $52 million, up greater than 35% on FY23, and Underlying EBITDA to be in the range of $63 - $68 million, up greater than 36% on FY23. Nuix remains confident of achieving its previously stated target of growing its ACV for FY24 by around 10% in constant currency.

Summary of Nuix's FY24 Earnings Update

Nuix (ASX: $NXL) anticipates exceeding its strategic target of growing statutory revenue by around 10% in constant currency for the full year FY24, driven by positive trading in the second half and a significant multi-year deal win. The company expects strong growth in both Statutory EBITDA and Underlying EBITDA for FY24, with ranges of $47 - $52 million and $63 - $68 million respectively, representing significant increases compared to FY23. Nuix remains confident in achieving its target of growing its ACV for FY24 by around 10% in constant currency, demonstrating its commitment to sustained growth and performance in the digital analytics and intelligence software sector.