Why Appian Stock Popped Today

Shares of Appian (APPN 9.39%) were moving higher today after the low-code software company posted strong results in its fourth-quarter earnings report, including a surprise adjusted profit and better-than-expected revenue.As of 10:07 a.m. ET, the stock was up 14.4% on the news. Appian takes a big step toward profitabilityAppian said that cloud subscription revenue was up 26% to $83.1 million, driving overall revenue up 16% to $145.3 million as professional services revenue continued to decline. The overall ...