Appen Ltd (ASX: APX) shares are $1.04 or 7.36% higher at $15.18 at lunchtime on Tuesday after releasing its first-half results.
Revenue rose 106% to $152.8 million, including 47% organic revenue growth. Appen reported an underlying EBITDA of $25.6 million up 100%, and underlying NPAT of $17.8 million up 119%.
The company declared a fully-franked interim dividend of 4.0 cents per share, up 33% from
The company says it is maintaining its high growth trajectory due to the sustained demand for data for artificial intelligence (AI), the acquisition of Leapforce in 2017, expansion of work with current customers and winning new customers.