Business
Nuix shares sink after soft first quarter – Sydney Morning Herald
Data analytics group Nuix is confident of meeting its prospectus forecasts despite a soft first quarter, but its shares have been battered on Friday morning.
After a softer Q1, the December quarter was encouraging with a strong performance in all sales regions despite the US government being impacted by delayed access to decision makers because of COVID and the US election. The stronger weighting towards the second half is in line with expectations given COVID and seasonality, said Nuix chief executive Rod Vawdrey.
Were pretty upbeat about where we landed in the first half. We had a couple of surprises, I suppose in the foreign exchange headwinds, he…
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