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Why the Nuix (ASX:NXL) share price is crashing 16% lower today – The Motley Fool Australia
The Nuix Ltd (ASX: NXL) share price is crashing lower on Wednesday after downgrading its guidance just weeks after reaffirming it…
The Nuix Ltd(ASX: NXL) share price is crashing lower on Wednesday following the release of an update to its guidance for FY 2021.
At the time of writing, the investigative analytics and intelligence software provider’s shares are down 16% to $4.27.
What did Nuix announce?
According to the release, during April, a significant and larger than expected number of Nuix’s customers, including one of its largest, elected to transition from module-based subscription licenses to consumption and Software-as-a-Service…
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