APX 0.00% 58.5¢ appen limited

News: Appen sets stage for revenue growth with Microsoft contracts

  1. Speech and search technology services company Appen Limited (ASX:APX) has received a number of material contracts from Microsoft (NASDAQ:MSFT), one of its major customers.

    It also confirmed its forecast FY2015 revenue of between $63 million and $68 million as well as EBITDA in the range of $7.5 million to $8.2 million.

    This reflects strong order intake in the first five months of the year while investment in new market sectors is providing strong revenue growth with engagements from global leaders in social media and ecommerce.

    Appen often sees revenue spikes when global customers launch new technology or expand to global markets. FY2015 forecasts include several new multimillion dollar engagements.

    The contracts from Microsoft are in the form of Purchase Orders for the financial year 2015-16 and cover a range of Appen products and services.   



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 
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