Appian Stock Price, News & Analysis

Appian has appointed Mark Dillon as Senior Vice President of Global Partners Organization as of February 27, 2023. Dillon, with over 25 years of experience in partner organizations, previously held senior roles at Quickbase and Omniture. His main focus will be the growth of Appian's partner program to meet increasing global demand for the Appian Platform. Appian's Chief Revenue Officer expressed confidence in Dillon's ability to enhance partner relationships and drive growth.

Appian (Nasdaq: APPN) reported a 29% increase in fourth quarter cloud subscription revenue, reaching $65.8 million, while full-year cloud subscription revenue grew 32% to $236.9 million. Total revenue for Q4 2022 was $125.8 million, a 20% year-over-year rise. Despite revenue growth, the company faced a GAAP net loss of $(34.4) million in Q4, up from $(25.8) million the prior year. For 2023, Appian expects cloud subscription revenue to range from $294.0 million to $296.0 million, indicating a 24% to 25% annual increase. Adjusted EBITDA loss is projected at $(75.0) million to $(70.0) million.

On February 15, 2023, Appian (Nasdaq: APPN) reported that over 200 government agencies utilize its platform for mission acceleration through process automation and low-code development. The platform has been deployed within all four branches of the U.S. Department of Defense (DoD) and intelligence agencies, fostering rapid IT modernization. Notably, Appian collaborated with BigBear.AI and Palantir Technologies for a Global Force Information Management system, enhancing mission-centric workflows. The Appian Government Acquisition Management suite supports procurement efficiency, improving contract writing standards across the DoD.

Digital Intelligence Systems (DISYS) has announced a partnership with Appian (Nasdaq: APPN) to enhance digital transformation for clients through workflow automation. DISYS aims to address workforce challenges and improve operational efficiency by utilizing Appian's low-code platform. This collaboration is designed to streamline business processes and reduce costs for clients, allowing for quicker market response times. DISYS' CEO highlighted the importance of innovative solutions to adapt to modern business needs. The partnership has already shown positive results in applications for major mortgage loan servicers.

Appian (Nasdaq: APPN) announced the launch of Appian Connected Underwriting on Jan. 30, 2023. This innovative solution aims to enhance the underwriting process for insurers by leveraging process automation and low-code architecture. The tool facilitates data unification from diverse sources, thereby improving workflow efficiency and reducing policy quote times. A study by Accenture highlighted that underwriters currently spend 40% of their time on non-core tasks, leading to potential losses of $85 to $160 billion over the next five years. The solution intends to streamline operations, enhance customer experience, and support underwriters in making informed decisions during challenging economic conditions.

The EY organization announced a strategic alliance with Appian (Nasdaq: APPN) on January 24, 2023, to enhance digital transformation for clients in the financial services sector. This partnership focuses on integrating intelligent automation and process mining to improve customer experience, optimize costs, and streamline risk management. The alliance offers a comprehensive suite of hyper-automation tools applicable across various enterprise functions, aiming to significantly reduce project delivery timelines. Both firms emphasize their combined expertise to help organizations shift from manual processes to more efficient digital workflows, driving innovation and operational excellence.

Appian (Nasdaq: APPN) announced the financial results release for Q4 and the full year ending December 31, 2022, scheduled for February 16, 2023. The results will be disclosed post-market hours, followed by a conference call at 4:30 p.m. ET to discuss the financial outcome and business outlook. Interested parties can register for the call via a provided link or access it through a live webcast on Appian’s Investor Relations website. A replay of the call will also be available after the live event.

Appian (NASDAQ: APPN) has appointed Shirley Edwards to its Board of Directors and named her Audit Committee Chair, effective January 1, 2023. Edwards served as a partner at EY, overseeing a $4B Assurance practice across 20 countries. Her extensive experience includes advising corporate boards and managing client service delivery. CEO Matt Calkins expressed excitement about her addition, citing her expertise in financial strength and accountability as vital for Appian's ongoing success.

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.