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Appen raises dividend as data demand expands

Yolanda Redrup
Yolanda RedrupRich List Editor
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Artificial intelligence data services company Appen is kicking up its spending on sales and marketing to accelerate its expansion into new markets, as part of a move to become a more tech-driven business.

The company, which enjoyed a 6.7 per cent jump in share price on Tuesday to $25.44 at 2:15pm AEDT on the back of its full-year results, also left the door open to change its dividend policy in the future to accelerate growth via acquisitions or re-investment.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/appen-beats-guidance-as-tech-giant-data-demand-expands-20200221-p5431p