Ann: Ceasing to be a substantial holder, page-65

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chad987

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06/05/22

18:49

Post #: 61258246
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Originally posted by Calvo: ↑

Well, their you have it - you mentioned Macquarie about 3-4 times.

That's not evidence of a structural decline as machine learning is in its infancy for business applications - Nvidia just released an application just for that purpose only few weeks ag. But you are right in a way in that big tech needed relevance data mainly speech and text which is no longer a core of the business which was five years ago. The industry is evolving fast

There is no evidence here of a structural decline

Global Services revenue2 of $344.7 million up 5%, with 2H21 up 32% on 1H21 • New Markets revenue3 of $102.5 million up 21%, driven by a 422% increase in revenue in China that further diversified our customer base • Underlying EBITDA4 (before FX impact) of $78.9 million up 11.6%, due to higher revenue and gross margin expansion in 2H21 • Cash balance of $47.9 million on 31 December 2021

As for big tech going in house - good luck labelling non biased accurate data. This is all a Macquarie lie - Big tech will not under any circumstance substitute quality for anything.

It's a very fast evolving industry and no one knows where it's going to end. Whether you get it or not is not my problem - and frankly don't care,.

INVESTMENT IN PRODUCT DEVELOPMENT We continued to invest in our product-led roadmap to productise our capabilities to improve quality, value to customers, repeatability, speed of delivery and margins. We’re increasing our range of products with more pre-labelled data sets, automated data labelling and model evaluation products for a broad range of AI data types and use cases. In FY21, product development investment (excluding amortisation) represented 6.8% of revenue or $30.2 million.

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i cant be bothered to repeat myself for the 1000th time to your points except for the macquarie bit. everything macquarie said about appen turned out to be true. appen's management is a lie.

you seem completely oblivious to this company's fundamentals. for most holders i can understand, they know little about stocks, but you... it's quite shocking frankly.

Last edited by chad987: 06/05/22

APX Price at posting: $6.55 Sentiment: Sell Disclosure: Not Held
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