Appian Stock Price, News & Analysis

Appian (Nasdaq: APPN) has been recognized as a Leader in the Everest Group's Process Orchestration Products PEAK Matrix® Assessment 2023.

This report evaluated 18 technology providers on capabilities like process design, low-code development, and hybrid workforce management. Appian achieved the highest scores for Vision and Capability and Market Impact. Notably, clients praised its intuitive user interface and robust monitoring features.

Appian (Nasdaq: APPN) has announced its participation in two upcoming investor conferences:

• Credit Suisse 26th Annual Technology Conference on November 30, 2022, at 4:25 PM PT.
• Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022, at 9:15 AM PT.

Both presentations will be live-streamed, with replays accessible on Appian's investor relations website. The company provides a low-code platform that accelerates business operations through automation and process management.

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.