Appian Stock Price, News & Analysis

Appian reports significant growth in AI adoption, with customer usage increasing 7.9x year-over-year for AI-powered document extraction. Currently, 70% of Appian Cloud customers are utilizing AI capabilities across their operations.

The company highlights success stories from diverse organizations:

• Acclaim Autism reduced patient intake time by 83% using AI for medical document processing
• Century Fire Protection cut invoice processing time by 36% and halved missed discounts
• Hitachi projects 20% reduction in operating expenses and 60% faster time-to-market
• Texas Department of Public Safety implemented AI chatbot for procurement processes
• University of South Florida deployed AI to enhance academic advising for 50,000 students

Appian emphasizes that AI's full potential is realized when embedded within business processes, providing governance and accountability while optimizing operations.

Appian (APPN) has appointed Serge Tanjga as its new Chief Financial Officer, effective May 27, 2025. Tanjga will report directly to CEO Matt Calkins. The new CFO brings over 20 years of financial experience, most recently serving as interim CFO at MongoDB, where he was also Senior Vice President of Finance, leading financial planning, strategic finance, business operations, and analytics.

Prior to MongoDB, Tanjga held positions as Managing Director at Emerging Sovereign Group, a Carlyle Group subsidiary, and leadership roles at Harvard Management Company and 40 North Industries. He holds a B.A. in Mathematics and Economics from Harvard College and an MBA from Harvard Business School as a Baker Scholar.

Appian (NASDAQ: APPN) has scheduled the release of its first quarter 2025 financial results for Thursday, May 8, 2025, before U.S. markets open. The company will follow the release with a conference call and live webcast at 8:30 a.m. Eastern Time to discuss the results and business outlook.

Participants can join the conference call through a registration link that will provide dial-in details and PIN. Additionally, investors can access the live webcast through Appian's Investor Relations webpage, where a replay will also be available after the call.

Appian (NASDAQ: APPN) has achieved a significant security milestone as its Appian Government Cloud (AGC) received FedRAMP High authorization, enabling it to host highly sensitive government civilian data. The company also renewed its Impact Level 5 (IL5) Provisional Authority for a three-year period from the Defense Information Systems Agency (DISA).

The FedRAMP High designation allows AGC to handle critical data in law enforcement, emergency services, financial, and health systems. This authorization comes as Appian celebrates its 10th year of FedRAMP authorization, with Appian Cloud maintaining FedRAMP Moderate status since 2015.

AGC operates as a Platform/Software-as-a-Service cloud offering for federal civilian and Department of Defense organizations. The platform is now used by 22 different federal agencies, including every cabinet-level agency, with the US Department of Interior joining in 2024.

Appian (APPN) announced that the Supreme Court of Virginia will hear its petition to reinstate the $2.036 billion judgment against Pegasystems (Pega) for trade secret misappropriation. The court granted the petition on all four issues raised regarding errors made by the Court of Appeals.

The original verdict stemmed from evidence showing Pega employed a 'spy' to analyze Appian's software internals, improve their product, and generate billions in revenue. The jury's unanimous decision followed seven weeks of testimony and extensive documentation.

While the Supreme Court will also hear Pega's cross-appeal arguments regarding evidence sufficiency, these claims were previously rejected by both trial court and Court of Appeals. Notably, Pega's violation of the Virginia Computer Crimes Act remains confirmed as they declined to appeal this ruling.

Appian (NASDAQ: APPN) has released version 25.1 of its platform, featuring significant improvements in scalability and AI capabilities. The update delivers up to 75x faster document processing per hour and enables processing of hundreds of millions of pages annually using AI skills.

Key enhancements include:

• Data fabric improvements allowing synchronization of up to 10 million rows per record type
• 5-10x faster performance for complex queries, with some reaching 40x improvement
• Enhanced field-level security configurations
• New centralized dashboards for monitoring process KPIs

Beta program participants, including Groundswell and TELUS, reported substantial performance improvements, with Groundswell experiencing a 5x speed increase. The platform update focuses on making AI valuable by combining large language models with Appian's autoscale process engine and data fabric capabilities.

Appian (Nasdaq: APPN) has announced its participation in three major investor conferences in March 2025:

• Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 4, featuring a fireside chat at 3:20pm PST with live webcast
• KeyBanc Capital Markets Emerging Technology Summit in San Francisco on March 5, conducting one-on-one investor meetings
• Cantor Global Technology Conference in New York City on March 11, hosting one-on-one investor meetings

The fireside chat recordings will be temporarily available in the 'News and Events' section of Appian's investor relations website.

Appian (APPN) and Coforge released the '2025 UK Public Sector Efficiency Survey' revealing significant process inefficiencies in the UK public sector. The study shows that manual processes cost public sector workers an average of 5 hours per week in extra work, totaling 30.6 million hours weekly across the 6.12 million workforce.

Key findings show that 94% of workers face process inefficiencies, with main challenges including manual tasks, multiple legacy systems access, and lack of training. Additionally, 91% report difficulties in adapting processes to changing demands.

The survey highlights positive attitudes toward technology solutions, with 62% of respondents expressing confidence in AI's potential and 72% believing in automation benefits. This aligns with the UK government's 2% productivity improvement target and DSIT's estimate of £45 billion in potential annual savings through public sector digitization.

Appian (APPN) reported strong financial results for Q4 and full year 2024. Q4 cloud subscription revenue grew 19% year-over-year to $98.9 million, while full-year cloud subscription revenue increased 21% to $368.0 million. The company achieved a cloud subscription retention rate of 116%.

Q4 highlights include total revenue of $166.7 million (up 15% YoY), GAAP operating income of $5.0 million, and non-GAAP operating income of $18.7 million. For the full year 2024, total revenue reached $617.0 million (up 13% YoY), with GAAP operating loss of $(60.9) million and non-GAAP operating income of $10.2 million.

Looking ahead to 2025, Appian expects Q1 cloud subscription revenue between $97.0-99.0 million (12-14% YoY growth) and full-year cloud subscription revenue of $419.0-421.0 million (14% growth).