APX 3.33% $1.55 appen limited

Ann: Update on 1H 22 results and FY2022 outlook, page-609

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    This commentary from Motley Fool provides a glimmer of hope for invetsors, although in it's infancy, the global and enterprise divisions could become the new engine room for APX , rendering the big players irrelvant.

    Quote :

    Will things get better soon?


    Worryingly for Appen, business is actually booming despite what you might think from the above guidance.But despite its Global division continuing to win new projects and its project count sitting at an all-time high, the size and stage of these projects is insufficient to offset the reduction in revenue from higher margin core programs.In addition, management revealed that its non-global business continues to grow. In fact, momentum in the Enterprise business is building with year to date bookings up 22% since this time last year. However, non-global revenues are typically at lower margins compared to its core programs.
 
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