Revenue ($m) 599.9, up 12pc from year-earlier 535.5
Pretax profit ($m) 63.5 v 55.1
Net profit 50.5 v 41.6
Final dividend 5.5c v 5c, payable on March 19
Increasing regulatory scrutiny on big tech giants worldwide has compounded a reduction in advertising-related artificial intelligence program spend from companies such as Facebook, Microsoft and Google, creating headwinds for Appen.
The artificial intelligence data services company, which counts the world’s largest tech companies as customers, took a share price hit of 12 per cent on Wednesday, falling to $17.81, after its full-year results and outlook for 2021 disappointed investors and analysts.
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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
