Financial Data and Key Metrics Changes - In Q1 2024, Appian's cloud subscription revenue grew 24% year-over-year to $86.6 million, while total revenue increased 11% to $149.8 million [6][16] - Subscription revenue rose 19% to $117.7 million, with a cloud subscription revenue retention rate of 120% as of March 31, 2024, up from 115% a year ago [16][19] - Adjusted EBITDA was a loss of $1.3 million, significantly better than the previous year's loss of $15.8 million [19][24] Business Line Data and Key Metrics Changes - Professional services revenue decreased by 11% year-over-year to $32.1 million, reflecting fluctuations due to project timing [17] - Subscriptions revenue accounted for 79% of total revenue, compared to 73% in the previous year [17] - International operations contributed 37% of total revenue, up from 33% a year ago [17] Market Data and Key Metrics Changes - Foreign exchange movements provided a revenue benefit of 1% to 2% on a constant currency basis [18] - Cash provided by operations was $18.9 million, a significant improvement from cash used in operations of $25.3 million in the same period last year [21] Company Strategy and Development Direction - Appian is focusing on enhancing its AI capabilities and has launched a 30-day fixed price offering to demonstrate ROI [8][9] - The company announced a Strategic Collaboration Agreement with AWS to enhance enterprise AI use [9] - Appian aims to push technological boundaries with new features like Process HQ and Elastic Process Execution (EPIX) [10][12] Management's Comments on Operating Environment and Future Outlook - Management noted that while the macro environment is not perfect, it remains workable, particularly regarding AI investments [28] - The company is optimistic about its long-term growth prospects and is focused on optimizing its cost structure to drive profitability [24][25] - Management expressed confidence in the demand for their platform, with a high gross revenue retention rate of 98% [75] Other Important Information - Appian completed a $50 million share repurchase program in Q1, buying back 1.32 million shares [21] - Total deferred revenue was $226.2 million as of Q1 2024, an increase of 14% from the previous year [21] Q&A Session Summary Question: Update on the deal environment and macro conditions - Management indicated that the macro environment is workable, with no significant budget increases for AI among customers [28] Question: Feedback from customers on AI investments and new products - The conference received positive feedback, with customers appreciating the new pricing approach and features [30] Question: Clarification on cloud revenue guidance and seasonal impacts - Management explained that Q2 is typically the weakest quarter due to seasonality, but they expect recovery in the second half [33][34] Question: Uptake of the new Data Fabric solution and competitive positioning - Management highlighted that their Data Fabric is designed to integrate across the enterprise, differentiating it from competitors [35][36] Question: Trends in net revenue retention and impact of go-to-market changes - Management noted that the recent changes are expected to positively impact net revenue retention in the long run [46] Question: Insights on the macro demand environment in core verticals - Management reported strong customer satisfaction and loyalty, contributing to consistent retention rates [75]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38098 appian APPIAN CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 54-1956084 (State or other jurisd ...

Appian (APPN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this business process management software provider would post a loss of $0.25 per share when it actually produced earnings of $0.06, delivering a surprise of 124%.Over the last four quarter ...

Exhibit 99.1 Appian Announces First Quarter 2024 Financial Results First quarter cloud subscription revenue increased 24% year-over-year to $86.6 million McLean, VA – May 2, 2024 – Appian (Nasdaq: APPN) today announced financial results for the first quarter ended March 31, 2024. "Appian continues to push technological boundaries in our industry, from AI-backed services to process mining. Organizations globally are recognizing the power and simplicity of the Appian Platform," said Matt Calkins, CEO & Founde ...

As an investor, I am as confused as the market right now. Inflation data is coming in hot and the rate cuts have been pushed. Furthermore, the market can’t decide whether to rejoice in strong earnings or pull back due to inflation. 2024 started on a high note with both S&P 500 and Nasdaq hitting new highs. However, the past few weeks haven’t been the same. The tech earnings week managed to provide relief. And since several companies are yet to report results, we could see an improvement in the market moveme ...

A seasoned sales professional with over two decades of experience in the SaaS, software, and unified communications sectors, Vincent Bertaud will expand Appian's partner network in France.PARIS, April 25, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) announces the appointment of Vincent Bertaud as the Senior Partner Sales Manager for Appian France. With over 20 years of experience in the SaaS, software, and unified communications sectors, Bertaud has a proven track record in direct and indirect sales of comple ...

MCLEAN, Va., April 17, 2024 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced the 2024 Partner Award winners at the global Appian World conference in Washington DC. This year's winners have created innovative and impactful business solutions on the Appian Platform while exceeding customer expectations and maintaining excellence in service delivery. Appian announces the 2024 Partner Award winners at the global Appian World conference in Washington DC. Post this This year's winners include KPMG, Ground ...

The judging panel included Pavel Zamudio, Chief Customer Officer at Appian; Neil Ward-Dutton, VP of AI, Automation and Analytics at IDC Europe; and Juan Carlos Crespo Zaragoza, Deputy General Manager and Executive VP at Inetum, a global IT services company. By leveraging data fabric and AI technology, these winners have shown the art of the possible with next-generation process orchestration. Winners in North America The Carlyle Group: Carlyle utilized the Appian Platform to streamline enterprise accounti ...

New release features Process HQ and generative AI enhancements for meaningful process improvement and continuous optimizationMCLEAN, Va., April 16, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced the latest version of the Appian Platform. The new release introduces Process HQ, a combination of process mining and enterprise AI unified with the Appian data fabric. Process HQ provides unprecedented visibility into business operations to enable data-driven decisions and process improvements. The late ...

Core Insights - Appian has launched ProcureSight, a solution aimed at enhancing the efficiency of US federal procurement processes by utilizing historical procurement data [1][3] - ProcureSight is available at no cost to US procurement professionals until December 31, 2024, and does not require an Appian user license [1][4] Procurement Data Challenges - The US federal procurement process is burdened by excessive documentation requirements, making it difficult for professionals to access and utilize past procurement data effectively [2] - Current methods of gathering past solicitation and award information are inefficient, often leading to incomplete and contextually lacking data [2] Features and Benefits of ProcureSight - ProcureSight employs semantic search to quickly locate relevant past procurements from sources like SAM.gov and USASpending, providing synthesized insights rather than just raw data [3] - Key insights provided by ProcureSight include average time to award, average award amount, and small business data, which help improve future procurement strategies [3] - The platform allows users to view all solicitation and award data in a unified manner, facilitating better understanding and decision-making [3] - ProcureSight includes templates for creating essential procurement documents, streamlining the documentation process through AI assistance [3] Integration and Accessibility - ProcureSight integrates seamlessly with Appian's Government Acquisition Management solution suite, allowing users to access it without separate logins [4] - The service is specifically designed for federal government procurement professionals, addressing long-standing challenges in the procurement process [4]