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Appier reports accelerated operating profit growth and record-high revenue in Q2

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Operating profit increased by 4.4 times year-on-year and by 6.4 times on an FX-neutral basis, demonstrating strong revenue outperformance in key regions

TOKYO, Aug. 14, 2024 /PRNewswire/ — 

Highlights and achievements of Q2 FY24

Achieved a record-high revenue of JPY 8.2 billion, with a 32% YoY growth, driven by strong outperformance in key regions. NEA grew by 35%, while the US & EMEA grew by 65%, exceeding projections.Profitability surpasses plan. Operating profit surged 4.4 times YoY (6.4 times YoY on an FX-neutral basis), elevating the operating margin to 4.3% (6.7% on an FX-neutral basis).Initiated the first shareholder return through a share buyback, driven by the positive outlook for the second half of the year with improved profitability.

Profitability exceeded projections with the first-time shareholder return

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its earnings results for the second quarter of fiscal year 2024. This quarter, Appier achieved a record-high revenue of JPY 8.2 billion, which grew 32% YoY, and a record-high gross profit of JPY 4.2 billion. Strong outperformance in NEA and US & EMEA highlights robust business momentum across key regions and verticals as the company heads into the second half of the year. Operating profit surpassed projections and quadrupled to JPY 351 million, with an operating margin of 4.3%. (6.4 times operating profit growth with an operating margin of 6.7% on an FX-neutral basis), reflecting Appier’s ongoing strong operating leverage, productivity improvements, and disciplined cost management.

Driven by a positive outlook in the second half of 2024, Appier has initiated its first-ever share buyback, demonstrating its commitment to shareholder returns while maintaining a solid foundation for future growth.

Strong outperformance in key regions, NEA and US & EMEA

NEA’s growth accelerated to 35% YoY, which was attributed to the expansion of existing key accounts in E-commerce through focused upsell strategies and new accounts from diversified verticals. US & EMEA achieved a high growth rate of 65% YoY on top of last year’s high growth, driven by the robust expansion of large enterprise customers in Digital Content and Other Internet Services. Appier continues its positive growth across the E-commerce and Digital Content sectors and expects continued business momentum in the second half of the year due to the higher seasonality[1] in these verticals. This positions the company on the right track for further profitable growth due to increased revenue scale, improved productivity, and continuous, disciplined expense control towards the end of the year.

Driving growth and profitability through strategic R&D and GenAI investment

Appier’s strategic investments in return-oriented R&D, including advancements in AI technology such as new Generative AI modules, enhance operating leverage in S&M and G&A, improve customers’ ROI, and drive sustainable business expansion. Generative AI has begun to deliver tangible business value. These early successes underscore its potential to drive long-lasting growth and solidify Appier’s competitive advantage.

Appier continuously expands its customer base with its historically lowest churn rate of 0.574%, demonstrating strong customer traction and stickiness to Appier’s solutions, ensuring robust and highly sustainable growth. Quarterly gross profit per headcount hit a record high of 5.82M with 23% YoY growth, further enhancing its productivity gains.

“Appier is a technology-focused company at the forefront of AI innovation, where relentless advancement in AI technology enables us to deliver ROI-driven solutions that generate better returns for customers. As a result, our business performance exceeded projections this quarter, showcasing the strength of our operating leverage as we scale effectively,” said Dr. Chih-han Yu, Appier’s CEO and Co-Founder.

A true AI organization: driving innovation, maximizing ROI, and leading the industry 

Appier is uniquely positioned in the AI stack’s application layer, with its key strengths lying in a robust data moat, differentiated algorithm, and deep domain knowledge. Appier has innovated its products with GenAI capabilities across various directions to empower business growth, such as leveraging AI as an ROI driver, facilitating interaction by utilizing AI as the new UI, and boosting productivity through no-code, AI-enabled software. Internally, Appier strives to become a true AI-driven organization by integrating AI as a key driver in product development, improving customer management, and streamlining the operation process by standardizing workflows.

Appier continually invests in generative AI and has made technological breakthroughs with its pioneering work, such as inventing a framework for multiple Large Language Model (LLM) collaboration, incorporating real-time feedback data training to streamline processing capabilities and shorten the learning cycle, featuring self-reflection capabilities to seek human clarification and ensure more accurate answers. These strategic innovations not only reinforce Appier’s leadership in AI but also solidify its position as a frontrunner in the AI industry.

[1] On the quarterly seasonality characteristics, Q2 and Q3 are high seasons for Digital Content, while Q3 and Q4 are high seasons for E-commerce. 

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier’s mission is turning AI into ROI by making software intelligent. Appier has 17 offices across APAC, Europe and US and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information, and visit ir.appier.com/en/ for more IR information.

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HYPERGROWTH CX SOFTWARE PROVIDER ANNOUNCES NEW HIRES TO FUEL UK GROWTH AND US EXPANSION

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CloudInteract announces new senior hires to support UK growth and US expansion, as it sets sights on supporting an industry predicted to grow to over USD 22 billion by 2030

LONDON, Sept. 24, 2024 /PRNewswire/ — CloudInteract, a rapidly growing, UK-based provider of customer experience (CX) platforms, announces new senior hires to support its UK growth plans and expansion into the US market.

Founded by customer workplace communications experts, Nick Seagrave and Simon Leyland, CloudInteract launched in 2023, providing customers, including education provider, Pearson, life sciences enterprises, and online consumer services providers, such as Swoop with innovative CX software, as well as supporting industry partners, including Amazon Web Services.

Through the delivery of AI-driven platforms and omnichannel systems, CloudInteract empowers companies to scale and continuously adapt to their evolving customer service needs.

Simon Leyland, CEO and co-founder of CloudInteract, explains, “CloudInteract was born out of Nick’s and my mission to reimagine customer experience, by making contact centre interactions better for both customers and users alike. We understand that in a world full of technology providers, the difference lies in how technology transforms real-world experiences.”

To support its UK growth plans and expansion of its US presence, CloudInteract has onboarded new talent to its 50% female senior leadership team. The company recently welcomed Marketing Director, Louise Mahrra, Head of Business, North America, Nancy Van Delist and UK Head of Business Development, Julian Degg.

They will work alongside Change Director, Eliza Taylor and co-founders, Chief Technology Officer, Nick Seagrave and CEO Simon Leyland.

“As CloudInteract expands its operations and brings in new talent to support strategic growth in an industry predicted to mature to over USD 22 billion by 2030, we are firmly fixated on helping businesses unlock the full potential of their customer experience platforms by turning every interaction into a competitive advantage.”

“By doubling down on our investment in people, partnerships, and platforms, we’re positioning CloudInteract as the go-to partner for businesses that want to unlock the power of AI, data, and communication to transform their customer interactions,” concluded Simon.

About CloudInteract: https://www.cloudinteract.io/ 

CloudInteract builds customer experience platforms to unlock the potential of data to improve customer interactions. Our solutions leverage AI, automation, and integration to create smarter, seamless customer experiences that are built to last.

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Tata Elxsi Delivers World’s First RDK-B Integration on Qualcomm 5G Fixed Wireless Access Platform

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SAN DIEGO and BENGALURU, India, Sept. 24, 2024 /PRNewswire/ — Tata Elxsi, a global leader in design and technology services, today announced the successful integration of the RDK-B software stack with the Qualcomm® 5G FWA Gen 3 Platform. This first-of-its-kind integration opens a new pathway for operators to deliver fast, reliable, and scalable high-speed FWA solutions. Integration of the RDK-B middleware includes key features, such as Wi-Fi 6 connectivity, packet statistics, and advanced security options, ensuring the platform is versatile and can be deployed in both indoor and outdoor environments. Operators can now deliver value-added services, like Quality of Service (QoS), band steering, parental control, and VPN, enhancing the overall broadband experience. 

Gautam Sheoran – VP and GM, Wireless Broadband and Communications at Qualcomm Technologies, Inc., stated: 

“We are proud to collaborate closely with Tata Elxsi, who has leveraged their considerable expertise to port the RDK-B stack to our 5G FWA Gen 3 Platform, featuring the Snapdragon® X75 Modem-RF System. This critical step empowers operators to accelerate time-to-market, deliver high performance FWA solutions, and reduce development efforts, as they deploy powerful new FWA CPE solutions. We look forward, through continued collaboration with Tata Elxsi, to expanding our engagement with the broader RDK community, giving operators more choices and flexibility in deploying state-of-the-art solutions.”

Priya S Kumar – Head, Media and Communications at Tata Elxsi, stated:

“This integration broadens the RDK ecosystem and silicon diversity, which has traditionally centered on wired technologies like DOCSIS and Fiber-to-the-Home (FTTH). By incorporating RDK-B into the cellular-managed WAN space, Tata Elxsi is excited to collaborate in positioning the Snapdragon X75 platform as a future-ready solution for high-performance broadband applications. Tata Elxsi’s continuous commitment to the RDK ecosystem enables SoCs, OEMs and operators to rapidly innovate and scale, addressing the demands of next-generation broadband technologies.”

Looking ahead, Tata Elxsi will upgrade the platform to include next-generation features such as Wi-Fi 7. This upgrade will further enhance FWA devices, offering operators more flexible, scalable, and cost-effective solutions, setting the stage for the next generation of wireless innovation. 

About Tata Elxsi

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare and Transportation.

We are helping customers reimagine their products and services through design thinking and applying digital technologies, such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence. For more information, visit www.tataelxsi.com

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Incorporated.

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Huawei Calls to Expand Partnerships to Drive Global Digital Inclusion through TECH4ALL

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SHANGHAI, Sept. 24, 2024 /PRNewswire/ — At the TECH4ALL Digital Inclusion Forum hosted at Huawei Connect 2024, Huawei called for more partners to join its TECH4LL initiative to drive global digital inclusion.

Launched in 2019 and aligned with the UN SDGs, TECH4ALL is Huawei’s long-term action plan for enabling an inclusive and sustainable digital world, focusing on the education, environment, health, and development domains.

At the forum, attendees explored TECH4ALL inclusion projects and digital inclusion advances in China outlined in the 2024 China Digital Inclusion Report produced by China Academy of Information and Communications Technology (CAICT).

“Promoting digital inclusion can not only effectively deal with problems that may exist in the development and application of digital technology, but also improve the realization of our overall goals,” said Xin Yongfei, Director of the CAICT Institute for Policy and Economics.

Discussions focused on how technology can help bring down barriers to information accessibility, equal opportunities, and a high quality of life. A key theme at the forum concerned the importance of cross-sector partnerships in maximizing the efficacy of inclusion projects such as those Huawei’s runs under TECH4ALL.

“Huawei is a committed to supporting China’s digital inclusion strategy,” said Jeffrey Zhou, President of ICT Marketing at Huawei. “We work with governments, enterprises, scientific research institutions, universities, and NGOs to implement projects that provide a useful reference for the world to seize the opportunities of digital transformation and share the inclusive benefits of digitalization.”    

Partners from both the deaf and vision-impaired communities looked at the role of technology in enabling digital inclusion. Huawei shared how it considers the needs of people with disabilities, the elderly, and children from the beginning of product design. As well as Bluetooth connectivity for hearing aids, Huawei smartphones, provide 15 accessibility features that are used by around 10 million people each month. These include technologies that can identify and send alerts for job recommendations tailored for people with disabilities.

“As a visually impaired device user and Huawei partner, I think it’s crucial to share the message that technology can give everyone an equal opportunity to participate in society, use public resources, and help eliminate the digital divide,” said Yin Nan, Chairman of Tianjin Hongqiao District Blind Association.

With partners the China Association of the Deaf and E-Times Digital Technology, Huawei TECH4ALL has also developed the Trouble-Free Hearing app. Based on Huawei Cloud AI, the app provides speech-to-text and text-to-speech translation and a real-time online sign language hub for use in potentially complex situations such as healthcare, legal consultations, and at service windows.

The forum also explored education inclusion through the TECH4ALL China DigiSchool project, which aims to provide online resources and teacher training for the delivery of STEAM curriculum. To date, 4,800 teachers and students have benefited in 29 schools.

Huawei also runs a range of education and training initiatives across the globe, including the Open School project with UNESCO, Instant Schools Network with Vodafone Foundation, and Skills and Wheels projects with global and local partners. Skills on Wheels, for example, brings free digital skills training to remote communities via truck-mounted mobile classrooms, reaching 93,000 people in 18 countries so far.

TECH4ALL education projects have reached more than 400,000 people across the globe, with technology and partnerships the key to success of each project.

About Huawei TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative. Enabled by innovative technologies and partnerships, TECH4ALL aims to promote inclusion and sustainability in the digital world.

For more information, visit the Huawei TECH4ALL website: https://www.huawei.com/en/tech4all 

Follow us on X:
https://twitter.com/HUAWEI_TECH4ALL 

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