Welcome to our dedicated page for Appian news (Ticker: APPN), a resource for investors and traders seeking the latest updates and insights on Appian stock.
Appian Corporation (NASDAQ: APPN) provides a leading low-code automation platform for enterprise process management. This page aggregates official press releases and verified news coverage related to Appian’s product innovations, financial performance, and strategic partnerships.
Investors and technology professionals will find timely updates on platform enhancements, earnings announcements, and industry recognition. Key focus areas include AI-driven automation developments, public sector contracts, and expansions of Appian’s process mining capabilities.
Our curated feed includes:
- Quarterly financial results and SEC filings
- New feature releases and platform upgrades
- Strategic alliances with enterprise technology partners
- Analysis of Appian’s position in competitive markets
- Regulatory updates affecting process automation solutions
Bookmark this page to monitor Appian’s progress in unifying business data, streamlining complex workflows, and advancing low-code development standards across industries.
Appian reported strong financial results for Q3 2022, with cloud subscription revenue rising 30% year-over-year to $60.6 million. Total revenue increased by 28% to $117.9 million, exceeding guidance. Despite a higher adjusted EBITDA loss of $(22.9) million, the company plans to reduce losses to 10% of revenue by H2 2023. Cloud subscription revenue retention was impressive at 115%. For Q4 2022, guidance anticipates cloud subscription revenue of $63.5-$64.5 million, up 24-26%, and a total revenue projection of $121.5-$123.5 million, with adjusted EBITDA losses expected between $(24.0) million and $(29.0) million.
On November 3, 2022, Appian announced the winners of its 2022 Public Sector Partner Impact and Excellence Awards during the Appian Government conference. The top honors included the Transformation Award, given to Groundswell, which merged with CollabraLink; the Client Impact Award to Deloitte for resolving complex client issues; and the Innovation Award to IBM for its ATOM solution, achieving significant reductions in processing times. This event highlighted the contributions of Appian partners in delivering innovative solutions to public sector challenges.
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.
