Appen Shares Fall 25% After First Half 2021 Results Disappoint Investors
Despite growth in New Markets, AI data leader Appen reports 2% revenue decline in H1 2021, with net profit after tax down 55%, sending the share price down to 2018 levels.
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Despite growth in New Markets, AI data leader Appen reports 2% revenue decline in H1 2021, with net profit after tax down 55%, sending the share price down to 2018 levels.
While Covid’s impact on clients’ priorities limited Appen’s revenue growth to 12%, the data-for-AI giant hopes new clients and the Chinese market will boost future performance.
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