Appian Stock Price, News & Analysis

Appian (NASDAQ: APPN) announced a new version of its Low-Code Automation Platform on September 14, 2021, enhancing enterprise application development. Key improvements include more efficient low-code data integration, allowing users to sync up to 1,000,000 rows and create complex relationships with ease. New features for automation and user interface design streamline the development process, aiming to build applications 10 times faster and cut maintenance costs by 50%. The platform caters to a growing need for quick and efficient data-driven applications.

Appian (NASDAQ: APPN) announced its participation in the Jefferies Virtual Software Conference, scheduled for Tuesday, September 14, 2021, at 11:30 a.m. Eastern Time. During this event, management will present and hold meetings with investors to discuss the company’s offerings and future directions. The presentation will be available via live webcast, with replays accessible for a limited time on the company's investor relations website. Appian is known for its low-code automation platform that aids organizations in building apps and workflows efficiently.

Appian, trading under the symbol APPN, will host its inaugural Investor Day on October 4, 2021, from 10:00 a.m. to 1:00 p.m. ET. Company executives will present on the firm's vision, corporate strategy, financial outlook, and key initiatives. Participants can register for the event via the official website. This Investor Day marks a significant opportunity for stakeholders to gain insights into Appian's plans and performance.

On August 5, 2021, Appian (NASDAQ: APPN) announced its acquisition of Lana Labs, the creator of the LANA Process Mining Platform. This acquisition aims to enhance Appian's capabilities in low-code automation by integrating process mining, thereby enabling businesses to optimize complex workflows more efficiently. The LANA platform’s AI-driven insights will complement Appian's existing low-code solutions, promoting actionable data and continuous optimization for enterprises. This strategic move positions Appian as a comprehensive provider in the process automation market.

Appian (Nasdaq: APPN) reported its Q2 2021 financial results, showcasing a 44% increase in cloud subscription revenue, totaling $42.5 million, and 37% growth in total subscriptions revenue, reaching $56.9 million. Total revenue rose 24% year-over-year to $83.0 million. Despite these gains, Appian recorded a GAAP operating loss of $(24.6) million, compared to $(12.1) million in Q2 2020. The company forecasts third-quarter cloud subscription revenue between $45.0 million and $45.5 million, with full-year guidance estimating total revenue between $355.0 million and $357.0 million.

Appian (NASDAQ: APPN) has launched a new regional office in Japan, led by industry veteran Shinsaku Hashimoto. This expansion aims to address the surge in demand for low-code automation amid Japan's ongoing digital transformation. Analyst firm Forrester projects that by the end of this year, 75% of application development will utilize low-code platforms. Appian is also forming partnerships with Wipro and Ridgelinez to enhance financial services and accounting processes in Japan.

Appian (NASDAQ: APPN) has announced its second-quarter financial results will be released on August 5, 2021, after the market closes. A conference call to discuss these results and the company’s outlook will take place at 5:00 p.m. Eastern Time. Interested parties can access the call by dialing (800) 430-8332 in the U.S. or (323) 347-3277 internationally, or via live webcast on Appian's Investor Relations page. A replay will be available until August 12, 2021.