Appian Stock Price, News & Analysis

Appian (Nasdaq: APPN) announced the launch of Appian Connected Underwriting on Jan. 30, 2023. This innovative solution aims to enhance the underwriting process for insurers by leveraging process automation and low-code architecture. The tool facilitates data unification from diverse sources, thereby improving workflow efficiency and reducing policy quote times. A study by Accenture highlighted that underwriters currently spend 40% of their time on non-core tasks, leading to potential losses of $85 to $160 billion over the next five years. The solution intends to streamline operations, enhance customer experience, and support underwriters in making informed decisions during challenging economic conditions.

The EY organization announced a strategic alliance with Appian (Nasdaq: APPN) on January 24, 2023, to enhance digital transformation for clients in the financial services sector. This partnership focuses on integrating intelligent automation and process mining to improve customer experience, optimize costs, and streamline risk management. The alliance offers a comprehensive suite of hyper-automation tools applicable across various enterprise functions, aiming to significantly reduce project delivery timelines. Both firms emphasize their combined expertise to help organizations shift from manual processes to more efficient digital workflows, driving innovation and operational excellence.

Appian (Nasdaq: APPN) announced the financial results release for Q4 and the full year ending December 31, 2022, scheduled for February 16, 2023. The results will be disclosed post-market hours, followed by a conference call at 4:30 p.m. ET to discuss the financial outcome and business outlook. Interested parties can register for the call via a provided link or access it through a live webcast on Appian’s Investor Relations website. A replay of the call will also be available after the live event.

Appian (NASDAQ: APPN) has appointed Shirley Edwards to its Board of Directors and named her Audit Committee Chair, effective January 1, 2023. Edwards served as a partner at EY, overseeing a $4B Assurance practice across 20 countries. Her extensive experience includes advising corporate boards and managing client service delivery. CEO Matt Calkins expressed excitement about her addition, citing her expertise in financial strength and accountability as vital for Appian's ongoing success.

Appian (Nasdaq: APPN) has been recognized as a Leader in the Everest Group's Process Orchestration Products PEAK Matrix® Assessment 2023.

This report evaluated 18 technology providers on capabilities like process design, low-code development, and hybrid workforce management. Appian achieved the highest scores for Vision and Capability and Market Impact. Notably, clients praised its intuitive user interface and robust monitoring features.

Appian (Nasdaq: APPN) has announced its participation in two upcoming investor conferences:

• Credit Suisse 26th Annual Technology Conference on November 30, 2022, at 4:25 PM PT.
• Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022, at 9:15 AM PT.

Both presentations will be live-streamed, with replays accessible on Appian's investor relations website. The company provides a low-code platform that accelerates business operations through automation and process management.

Appian reported strong financial results for Q3 2022, with cloud subscription revenue rising 30% year-over-year to $60.6 million. Total revenue increased by 28% to $117.9 million, exceeding guidance. Despite a higher adjusted EBITDA loss of $(22.9) million, the company plans to reduce losses to 10% of revenue by H2 2023. Cloud subscription revenue retention was impressive at 115%. For Q4 2022, guidance anticipates cloud subscription revenue of $63.5-$64.5 million, up 24-26%, and a total revenue projection of $121.5-$123.5 million, with adjusted EBITDA losses expected between $(24.0) million and $(29.0) million.

On November 3, 2022, Appian announced the winners of its 2022 Public Sector Partner Impact and Excellence Awards during the Appian Government conference. The top honors included the Transformation Award, given to Groundswell, which merged with CollabraLink; the Client Impact Award to Deloitte for resolving complex client issues; and the Innovation Award to IBM for its ATOM solution, achieving significant reductions in processing times. This event highlighted the contributions of Appian partners in delivering innovative solutions to public sector challenges.