Nuix (ASX:NXL) unveils nuix neo deep learning framework

Nuix Limited (ASX:NXL) has revealed the launch of Nuix Neo TM, an Al-enriched single platform solution, with expanded capabilities, at the XLR8/24 conference. The company also provided the CEO commentary and presentation materials for the investor stream, emphasizing its commitment to investment and innovation in the current financial year and beyond.

CEO Commentary on Innovation and Growth

At our recent full year results, we spoke about the commitment to investment and innovation that we're making in this current financial year, and into the future. Today we've had the opportunity to talk through some of the ways that Nuix will continue on its innovation pathway, as well as reflect on some of the things we're most proud of in terms of the positive impacts of our business transformation. The level of interest and curiosity in what we are building here at Nuix, from customers, partners and investors, is exciting, rewarding and humbling. The momentum at Nuix is not only evident in the delivery of our ambitious strategy program to date, but also in our financial performance, our internal employee engagement scores, and customer feedback. Despite our achievements so far, we are still only in the early stages of our growth trajectory. We are driven by the opportunity to create and innovate, in commercial ways that will drive further ambitious growth for our organization. That ambitious growth path is made all the more achievable by the calibre of the people at Nuix. I'm thrilled that you've had the opportunity to hear directly from some of our talented people today - and this is just a small subset of the extraordinary team hard at work at Nuix delivering on our growth strategy. The investments that we are making today will continue to drive value for our customers in the near term, but we also have a strategic roadmap of innovation into the medium and longer term. Increasingly that pathway will be dictated by our approach to Al, the extensibility of our platform, and the way our talented team brings that to bear for our customers. Importantly, Nuix customers are already benefiting from our Al capabilities, and the roadmap from here only gets more exciting.

Outlook and Strategic Targets

Nuix's unveiling of the Nuix Neo TM deep learning framework marks a significant step in the company's commitment to investment and innovation. The platform solution, with expanded capabilities, is set to drive rapid innovation through deep learning, expand customer choice responsibly, and uphold holistic and responsible AI as a key differentiator. The company's strategic targets for FY25 include targeting ~15% ACV growth in constant currency, continued successful rollout of Nuix Neo, revenue growth exceeding operating cost growth, and underlying cash flow positivity for the full year. Nuix's focus on responsible AI, coupled with its innovative offerings, positions the company for further growth and value creation for its customers.