Appen limited increases FY2019 earnings forecast

  • Nov 18, 2019 AEDT
  • Team Kalkine

Appen Limited (ASX: APX) has improved its FY2019 earnings forecast, driven by the increases in monthly relevance revenues and margins, largely from existing projects with existing customers.

The company’s full year underlying EBITDA for FY2019 (year ending 31 December 2019) is expected to be in between $96 million -$99 million.

The company has reiterated its high conviction for the acquisition of Figure Eight and has confirmed its previous 2019 ARR (Annual Recurring Revenue) guidance of $30 million - $35 million.

 

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