Nuix (ASX:NXL) announces 1H23 results

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Nuix (ASX:NXL) has announced its half year results for the end of December 2022, with a profit of $1.3M, up from a $2.3M loss a year earlier. 

The global software company highlighted Annualised Contract Value (ACV) was up 3.4% compared to the prior year and Statutory Revenue was up 4.3%.

It also stated Underlying EBITDA was up 8.5%, and NPAT was up 153.8%.

Customer churn rose slightly over the year, while Net Dollar Retention rose to 103.1%, and ended the half with cash on hand and no debt.