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 (SaaS) license models.
This has resulted in a shift in both revenue and Annualised Contract Value (ACV) profiles.
In addition to this, Nuix revealed that some of its law firm, advisory and service provider customers have…