Appian Corporation - APPN STOCK NEWS

Appian announces that Anglian Water, the largest water company in England and Wales, is leveraging its Low-Code Platform to meet net-zero operational carbon emissions by 2030.

Anglian Water has achieved over 63% capital carbon reduction and aims for a 65% reduction by 2025. The Totex Delivery Workflow (TDW) solution provides real-time project insights, improving decision-making efficiency.

This collaboration emphasizes sustainability, with Anglian Water committed to reducing costs and carbon through advanced data utilization.

Guidewire (NYSE: GWRE) has announced that Appian (Nasdaq: APPN) has joined its PartnerConnect program as a new Solution partner at the Select level. This partnership focuses on enhancing experience development, utilizing Appian's Low-Code Process Automation Platform, which integrates with Guidewire Cloud APIs and the Jutro Digital Platform. The initial integration targets commercial lines, aiming to streamline underwriting processes, reduce costs, and improve customer satisfaction.

Appian (NASDAQ: APPN) will announce its third-quarter financial results for the period ending September 30, 2022, after market close on November 3, 2022. The company will host a conference call at 4:30 p.m. Eastern Time to discuss these results and its business outlook. Interested parties can join by calling 1 (800) 715-9871 domestically or 1 (646) 307-1963 internationally, using Conference ID 7718213. A replay will be available post-call until November 10, 2022. For further details, visit the investor relations section of Appian's website.

Appian's recent study, in collaboration with Markess, highlighted the growing importance of process automation in the French public sector, with 80% of decision makers prioritizing it by 2025. The survey involving 50 public sector leaders indicated that 76% of central and 83% of local government officials recognize the need for improved workflows. Key challenges include a lack of interconnectivity and automation knowledge. While 35% of respondents consider low-code platforms, many remain unaware of advanced automation tools. Appian aims to support this transformation.

On September 16, 2022, the Circuit Court for Fairfax County awarded Appian $2.036 billion in damages from Pegasystems for the willful misappropriation of trade secrets. Pegasystems is also required to pay $23.6 million in legal fees and approximately $122 million annually in post-judgment interest. The court ruled against Pegasystems after a seven-week trial, during which evidence revealed Pegasystems used a contractor to gain unauthorized access to Appian's software. Pegasystems plans to appeal the decision. This ruling is believed to be the largest damages award in Virginia state court history.

Appian (NASDAQ: APPN) will present at two major conferences: the Citi 2022 Global Technology Conference on September 7, 2022, at 12:15 p.m. ET, and the Goldman Sachs Communacopia + Technology Conference on September 13, 2022, at 1:00 p.m. ET. Both presentations will be webcast live, with replays available on the company's investor relations website at http://investors.appian.com.

Appian's platform accelerates customer businesses by automating key processes within a unified low-code environment.

Appian has appointed Christopher Jones as the new Chief Revenue Officer, effective August 25, 2022. With 30 years of experience in technology sales, Jones will oversee global sales operations, including direct sales and partnerships. He previously held executive roles at Qlik and Infoblox. Appian CEO Matt Calkins expressed confidence in Jones's ability to lead as the market for process mining and automation converges. Appian aims to empower organizations through its unified low-code platform, enhancing business outcomes.

Appian reported strong Q2 2022 results, with cloud subscription revenue rising 34% year-over-year to $57.1 million. Total revenue increased 33% to $110.1 million. Professional services revenue also grew 28% to $33.4 million. However, the company faced a GAAP net loss of $(49.4 million), a worsening from the previous year. The cloud subscription revenue retention rate was strong at 116%. For Q3 2022, guidance anticipates cloud subscription revenue growth of 30%-31%, while full-year guidance projects 32%-33% growth in cloud subscription revenue.

Atlantic Nickel and Appian Capital Advisory LLP reported record operational and financial performance for the first half of 2022 at the Santa Rita nickel sulphide mine in Brazil. Highlights include EBITDA of US$105m from US$213m in revenue, with 57.6kt of nickel concentrate produced. The mine's C1 cost was US$4.95/lb payable nickel net of by-products. The company remains debt-free and is advancing underground expansion plans. Safety metrics are strong, with an LTIFR of 0.37. Overall, the report underscores the mine's potential amidst global inflationary pressures.