Probably the most significant paragraph of the report.
'As the group’s customer portfolio expands, the team expects to substantially impact the productivity of customer and internal recruitment teams by accelerating candidate acquisition processes and significantly reducing time-to-hire. These activities should start to impact the business’ gross margins and growth rate in the second half of 2024.'
ie Q1 & Q2 FY25
This is the first time-scale given for the impact of the AI tools on the recruitment business.
Worth noting & coming back to for the Q2 quarterly released in Jan-25.
I don't think the CEO would have put this in if he wasn't reasonably certain it would happen.
If we don't see the AI tools having at least some impact by then HMI is just another recruitment company IMO, even if it is undervalued currently as just that.
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Probably the most significant paragraph of the report.'As the...
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