Appian - APPN STOCK NEWS

Appian (APPN) and Coforge released the '2025 UK Public Sector Efficiency Survey' revealing significant process inefficiencies in the UK public sector. The study shows that manual processes cost public sector workers an average of 5 hours per week in extra work, totaling 30.6 million hours weekly across the 6.12 million workforce.

Key findings show that 94% of workers face process inefficiencies, with main challenges including manual tasks, multiple legacy systems access, and lack of training. Additionally, 91% report difficulties in adapting processes to changing demands.

The survey highlights positive attitudes toward technology solutions, with 62% of respondents expressing confidence in AI's potential and 72% believing in automation benefits. This aligns with the UK government's 2% productivity improvement target and DSIT's estimate of £45 billion in potential annual savings through public sector digitization.

Appian (APPN) reported strong financial results for Q4 and full year 2024. Q4 cloud subscription revenue grew 19% year-over-year to $98.9 million, while full-year cloud subscription revenue increased 21% to $368.0 million. The company achieved a cloud subscription retention rate of 116%.

Q4 highlights include total revenue of $166.7 million (up 15% YoY), GAAP operating income of $5.0 million, and non-GAAP operating income of $18.7 million. For the full year 2024, total revenue reached $617.0 million (up 13% YoY), with GAAP operating loss of $(60.9) million and non-GAAP operating income of $10.2 million.

Looking ahead to 2025, Appian expects Q1 cloud subscription revenue between $97.0-99.0 million (12-14% YoY growth) and full-year cloud subscription revenue of $419.0-421.0 million (14% growth).

Appian (APPN) has scheduled its fourth quarter and full year 2024 financial results announcement for February 19, 2025, before U.S. markets open. The company will host a conference call and live webcast at 8:30 a.m. Eastern Time to discuss the results and business outlook. Participants can join via phone through a registration link that provides dial-in details and PIN, or choose the Call Me option for instant connection. The event will be accessible through a live webcast on Appian's Investor Relations webpage, with a replay available after the call.

Appian (APPN) has announced its participation in two major technology investor conferences in San Francisco. The company will present at the Scotiabank Annual Global Technology Conference on December 10th at 2:35pm PT, followed by the Barclays Annual Global Technology Conference on December 11th at 8:05am PT.

The Barclays conference fireside chat will be available via live webcast, with replays accessible for a time through Appian's investor relations website under the 'News and Events' section. Management will also host meetings with institutional investors during both events.

Appian (APPN) has been ranked #1 and named a Leader in Everest Group's Process Orchestration Products PEAK Matrix® Assessment 2024. The assessment evaluated 24 technology providers on process design, business rules management, low-code development, and analytics capabilities. Appian received the highest score in 'Implementation and Support' and was recognized for its investments in generative AI capabilities that enhance employee productivity through automated workflow insights. The company's unified low-code platform delivers comprehensive process automation and orchestration, featuring native integrations with automation, AI, and process intelligence tools.

Appian (APPN) announced its latest platform release featuring enhanced process automation powered by enterprise AI. The key highlight is Appian Autoscale, enabling organizations to scale six million processes per hour - a 10x improvement from previous benchmarks. The release includes FedRAMP Moderate compliant AI features, improved data extraction capabilities, and enhanced AI Copilot functionality with 40% faster response times. Helia, an Australian LMI provider, reported reducing claims processing time from two days to under 10 minutes using the platform.

Appian (APPN) reported strong Q3 2024 results with cloud subscription revenue growing 22% year-over-year to $94.1 million. Total revenue increased 12% to $154.1 million, while total subscriptions revenue rose 19% to $123.1 million. The company significantly improved its financial position, reducing GAAP operating loss to $(7.2) million from $(15.2) million in Q3 2023. Non-GAAP operating income reached $8.3 million, compared to a loss of $(7.7) million last year. The cloud subscription retention rate stood at 117%. For Q4 2024, Appian expects cloud subscription revenue between $95.0-$97.0 million and projects positive adjusted EBITDA for full-year 2024.

Appian (APPN) has been included in the InsurTech100 list by Fintech Global for the second consecutive year, recognizing the world's most innovative companies transforming the insurance industry through technology. As a leader in enterprise low-code application platforms, Appian serves major insurers like Pacific Life and Aon. The company, celebrating its 25th anniversary, is distinguished as the only InsurTech100 company that is a Gartner® Magic Quadrant™ Leader for Enterprise Low-Code Application Platforms and ranked #1 for Complex Internal Applications Use Case in the 2024 Gartner® Critical Capabilities Report.

Appian (Nasdaq: APPN) announced its 2024 Public Sector Partner Impact and Excellence Awards winners at the Appian Government conference. The awards recognize partners' achievements in delivering innovation and value using the Appian Platform. Accenture Federal Services won the Transformation Award for their ERP modernization approach. KPMG received the Delivery Award for efficient system implementation. Groundswell earned the Innovation Award for their Integrated Budget Suite. Deloitte secured the Growth Award with a 97% revenue increase from FY22 to FY24. Ignyte Group was named State and Local Partner of the Year for their success in the SLED sector.