Business
Investors lose patience with Nuix after second downgrade – The Australian Financial Review
Nuix shares tumbled 18 per cent to $2.77 on Monday after the company issued its second downgrade in five weeks.
Despite the lower guidance, Mr Vawdrey said he was confident in the long-term outlook for the company.
We understand the importance of meeting financial forecasts. Theres a near-term level of uncertainty regarding the precise timing, shape and scope of some large and anticipated customer contracts coming to fruition in the next few weeks, he said.
We expect to capture most of the revenue, which remains under current negotiation with these customers, either by financial year-end or early in our new…
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