Proven executive brings over 25 years of strategic sales leadership experience to process automation industry leaderMCLEAN, Va., Oct. 11, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced the appointment of Mark Dorsey as Chief Revenue Officer. Dorsey will lead the company's global sales operation to accelerate growth, including through direct sales and partnerships. He will report to Appian's CEO, Matt Calkins.Mark Dorsey brings over 25 years of strategic sales leadership experience to process aut ...

MCLEAN, Va., Sept. 12, 2024  /PRNewswire/ -- Appian (Nasdaq: APPN) today announced a partnership with Children's National Hospital, a top-ranked pediatric hospital in Washington, DC, to raise awareness and funds for pediatric healthcare in the community. This partnership includes Appian's Backyard Bash on September 12, 2024, and sponsoring the Children's National Race for Every Child 5K on October 19, 2024.Children's National is one of the nation's oldest independent children's hospitals and has been a lead ...

DoD ESI lowers the total cost of ownership across the DoD, Coast Guard and Intelligence Communities for commercial software, IT hardware, and services.MCLEAN, Va., Sept. 10, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced that three Appian partners have been awarded a multiple-award contract for Appian products through the Department of Defense (DoD) Enterprise Software Initiative (ESI). The agreement, valued at an estimated $145,902,412 will provide the U.S. Navy with Appian's commercial off-the ...

Appian (APPN) is expanding its footprint into Japan with the recently announced collaboration with Outsourcing Technology of Japan (OSTech). The partnership aims to achieve efficiency improvements in its business through process automation and low-code development on the Appian Platform.OSTech expects to reduce the workload by approximately 25% through the Appian platform as it helps eliminate data silos and enables end-to-end visualization, integration, and automation of business processes across systems.T ...

MCLEAN, Va., Aug. 19, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced the latest version of the Appian Platform, designed to transform how organizations orchestrate enterprise data and automate processes. This release delivers support for more enterprise AI use cases with expanded compliance, offering a strong framework to help organizations prepare for current and forthcoming AI regulations.The latest release introduces the expansion of AI capabilities to enhance data and process automation for ...

Core Viewpoint - Appian is transitioning from a low-code platform to a business process automation provider, leveraging AI to enhance its offerings and improve operational efficiency [1][2]. Group 1: Business Model Evolution - Appian has evolved its business model by acquiring a process mining company in 2022, which allows it to better address customer needs and improve workflow efficiency [1]. - The company is now focusing on generative AI to automate applications for various functions such as procurement and claims processing, moving away from its low-code roots [1][2]. Group 2: Financial Performance - In the second quarter, Appian's cloud subscription revenue increased by 19% to $88.4 million, while overall revenue rose by 15% to $146.5 million, surpassing estimates [3]. - The company is targeting breakeven adjusted EBITDA for the full year, with projections between -$3 million and $3 million, and expects third-quarter adjusted EBITDA to be between breakeven and $3 million [4]. Group 3: Workforce and Restructuring - Appian laid off approximately 150 employees to realign its sales and marketing teams with its new strategy, aiming to improve profitability [4]. - The restructuring is seen as a necessary step to focus on high-value deals, although it reflects the company's ongoing challenges with profitability and revenue growth [5][6]. Group 4: Customer Satisfaction and Market Challenges - Appian enjoys a high gross renewal rate of 99% and a subscription gross margin near 90%, indicating strong customer satisfaction and profitability once customers adopt the product [5]. - Despite high customer satisfaction, the company faces challenges in expanding its customer base and needs to enhance its product-market fit as it pivots towards automation and AI [6].

Thapana OnphalaiA tech correction has begun, but that doesn’t mean that investors should shy away from buying shares of high-quality companies at a discount. These volatile moments, in particular, often have the impact of severely dislodging companies’ valuations from their underlying performance. This seems to be the case for Appian (NASDAQ:APPN), a software company whose platform focuses on delivering a low-code (i.e., with business users at the wheel instead of IT departments) method of automating ma ...

Appian (APPN) reported $146.45 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.7%. EPS of -$0.26 for the same period compares to -$0.39 a year ago.The reported revenue represents a surprise of +3.09% over the Zacks Consensus Estimate of $142.07 million. With the consensus EPS estimate being -$0.31, the EPS surprise was +16.13%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

MCLEAN, Va., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Appian (Nasdaq: APPN) announced today that management will be presenting and hosting meetings with institutional investors at the following upcoming conferences. KeyBanc Technology Leadership Forum. The fireside chat is scheduled for Tuesday, August 6th at 1:00pm Mountain Time.Citi 2024 Global TMT Conference. The fireside chat is scheduled for Friday, September 6th at 9:10am Eastern Time.Goldman Sachs Communacopia + Technology Conference. The fireside chat is s ...

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 June 30, 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 jurisdi ...