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) is a leading provider of low-code automation platforms designed to make building, launching, using, and updating powerful enterprise apps straightforward and efficient. The company specializes in business process management (BPM), offering a range of automation tools that allow organizations to streamline their end-to-end processes, enhance operational efficiency, and improve overall agility. Appian's core competencies include integrated case management, robotic process automation (RPA), artificial intelligence (AI), data fabric, and process mining capabilities.
Appian's platform facilitates the creation of easy-to-use, natively mobile applications, enabling businesses to unify their processes, data, systems, and applications under one integrated platform. This model supports a build-once, deploy-everywhere approach, making it adaptable and scalable across various organizational needs without requiring extensive coding expertise.
Recognized by global IT analyst firms such as Gartner, Forrester, and IDC, Appian has earned a reputation for its industry leadership in the low-code automation space. Most of Appian's revenue is derived from its subscription-based cloud platform, Appian Cloud, which is used by some of the world's most innovative organizations to create seamless workflows, unify data sources, and optimize business operations.
Recent developments highlight Appian's strong market presence and continuous innovation. For instance, the company's collaboration with Amazon Web Services (AWS) aims to integrate generative AI into enterprise business processes, leveraging Amazon Bedrock and SageMaker for enhanced AI capabilities. Additionally, Appian has launched ProcureSight, a new solution designed to streamline federal acquisitions in the U.S., showcasing their ability to address specific industry needs effectively.
Financially, Appian has shown robust growth with its cloud subscription revenue increasing by 24% year-over-year, reaching $86.6 million in Q1 2024. The company continues to invest in expanding its market reach and technological advancements, aiming for sustained revenue growth and improved operational efficiency.
Appian also announced key partnerships, such as with TELUS International and ReleasePoint, to further extend its platform capabilities and enhance customer experiences across various industries. These partnerships underscore Appian's commitment to driving innovation through strategic collaborations.
Overall, Appian Corporation represents a dynamic and forward-thinking player in the enterprise automation space, committed to helping organizations achieve better growth and superior customer experiences through advanced process automation solutions.
Appian (Nasdaq: APPN) reported strong Q3 2020 financial results, with cloud subscription revenue jumping 40% year-over-year to $34.3 million. Total subscriptions revenue rose 34% to $50.8 million. Total revenue reached $77.3 million, up 17% from Q3 2019. Operating loss improved to $(7.5) million, and GAAP net loss narrowed to $(3.6) million. The company projects Q4 2020 cloud subscription revenue between $35.0 million and $35.5 million, indicating 33%-35% growth.
Appian (NASDAQ: APPN) has been recognized as a leader in Nucleus Research's 2020 Value Matrix for Low-Code Application Platforms, achieving the highest scores in usability and functionality amongst 15 evaluated vendors. The report highlights Appian’s strengths in integration, pre-built templates, AI capabilities, and its low-code platform which enhances enterprise automation. Customers have reported significant benefits, including a 20% reduction in IT spending and a 45% increase in productivity, with an average ROI of under five months.
Appian (NASDAQ: APPN) has joined the Ellucian Partner Community, enhancing the availability of its CampusPass™ solution for higher education institutions globally. This platform aims to facilitate safe campus returns for students, faculty, and staff by automating health screenings, return authorizations, contact tracing, and testing processes. Key features include rapid deployment, easy integration with existing systems, and compliance with health regulations. The solution is already in use at institutions like the University of South Florida and Dallas College.
Appian (NASDAQ: APPN) has published a new book titled HYPERAUTOMATION, featuring essays from experts discussing low-code development and its significance for business process automation. The book includes a Foreword by Garry Kasparov, emphasizing the human-machine connection, and an Introduction by Appian CEO Matt Calkins, highlighting the lessons learned during the COVID-19 pandemic. Contributors include experts from MIT, IDC, and TCS, among others. All proceeds will be donated to Black Girls Code, supporting young girls of color in technology.
On October 14, 2020, Appian launched Connected Claims during the AppianEUROPE20 conference. This suite of modular applications targets insurance claims processing, aiming to simplify operations and enhance customer experiences. It enables insurers to unify existing data without migration, offering a comprehensive view of claims. The platform leverages low-code automation and tools like Intelligent Document Processing (IDP) and Robotic Process Automation (RPA) to speed up claims processing and reduce costs. Appian serves six of the top ten global insurance firms.
Appian (NASDAQ: APPN) is set to release its third quarter 2020 financial results after market close on November 5, 2020. A conference call will follow at 5:00 p.m. ET to discuss these results and the company’s business outlook. Investors can access the live webcast on the Investor Relations page of Appian's website. Additionally, management will present at the Berenberg CEO Conference 2020 on November 13 at 12:00 p.m. ET, with a live webcast available for attendees.
Appian announced that Volkswagen Group of America is leveraging its Workforce Safety solution to manage the safe return of its U.S. workforce during the pandemic. This solution, built on Appian's Low-code Automation Platform, offers a centralized command center for real-time health monitoring and contact tracing. Volkswagen, with about 8,000 employees and a dealer network of 1,000 in the U.S., required a quick and efficient solution to navigate workplace complexities in accordance with local health protocols.
Appian (NASDAQ: APPN) has been recognized as a Leader in Gartner's September 2020 Magic Quadrant for Enterprise Low-Code Application Platforms for the second consecutive year. This report evaluated 18 vendors, highlighting Appian's capabilities that allow enterprises to build applications 20 times faster than traditional coding. Gartner predicts that over 50% of medium to large enterprises will adopt low-code platforms by 2023. Appian's platform is utilized by leading companies across biotech, insurance, and banking sectors.
Appian (NASDAQ: APPN) will host AppianEUROPE20, a virtual conference on October 14-15, 2020, focused on low-code development and process automation. The event will feature industry leaders discussing advancements in automation technologies, including Robotic Process Automation and AI. Keynote speakers include Garry Kasparov and Matt Calkins. Attendees can engage with experts and learn from case studies featuring major companies like Santander UK and KONE. The conference underscores the importance of innovation in rapidly changing environments.
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