Appian - APPN STOCK NEWS

Appian, trading under the symbol APPN, will host its inaugural Investor Day on October 4, 2021, from 10:00 a.m. to 1:00 p.m. ET. Company executives will present on the firm's vision, corporate strategy, financial outlook, and key initiatives. Participants can register for the event via the official website. This Investor Day marks a significant opportunity for stakeholders to gain insights into Appian's plans and performance.

On August 5, 2021, Appian (NASDAQ: APPN) announced its acquisition of Lana Labs, the creator of the LANA Process Mining Platform. This acquisition aims to enhance Appian's capabilities in low-code automation by integrating process mining, thereby enabling businesses to optimize complex workflows more efficiently. The LANA platform’s AI-driven insights will complement Appian's existing low-code solutions, promoting actionable data and continuous optimization for enterprises. This strategic move positions Appian as a comprehensive provider in the process automation market.

Appian (Nasdaq: APPN) reported its Q2 2021 financial results, showcasing a 44% increase in cloud subscription revenue, totaling $42.5 million, and 37% growth in total subscriptions revenue, reaching $56.9 million. Total revenue rose 24% year-over-year to $83.0 million. Despite these gains, Appian recorded a GAAP operating loss of $(24.6) million, compared to $(12.1) million in Q2 2020. The company forecasts third-quarter cloud subscription revenue between $45.0 million and $45.5 million, with full-year guidance estimating total revenue between $355.0 million and $357.0 million.

Appian (NASDAQ: APPN) has launched a new regional office in Japan, led by industry veteran Shinsaku Hashimoto. This expansion aims to address the surge in demand for low-code automation amid Japan's ongoing digital transformation. Analyst firm Forrester projects that by the end of this year, 75% of application development will utilize low-code platforms. Appian is also forming partnerships with Wipro and Ridgelinez to enhance financial services and accounting processes in Japan.

Appian (NASDAQ: APPN) has announced its second-quarter financial results will be released on August 5, 2021, after the market closes. A conference call to discuss these results and the company’s outlook will take place at 5:00 p.m. Eastern Time. Interested parties can access the call by dialing (800) 430-8332 in the U.S. or (323) 347-3277 internationally, or via live webcast on Appian's Investor Relations page. A replay will be available until August 12, 2021.

On May 12, 2021, Appian (NASDAQ: APPN) announced a successful deployment of its Low-code Automation Platform by Entelgy, a consultancy that accelerated its billing process. The implementation of Appian RPA improved invoicing efficiency, reducing the time between invoicing and payment by 35% and enabling 98% of invoices to be processed autonomously. This solution not only minimized errors but also enhanced employee satisfaction by alleviating repetitive tasks. Entelgy's automation efforts mark a significant step in digital transformation across its operations.

On May 11, 2021, Appian (NASDAQ: APPN) announced the launch of its latest version of the Appian Low-code Automation Platform. This update introduces low-code data, enhancing the integration of enterprise data without coding expertise. It includes improved AI-driven Intelligent Document Processing, new design and collaboration features, and strengthened DevSecOps capabilities. The platform aims to accelerate app development and automation, with general availability set for June 2021.