Appian Stock Price, News & Analysis

Appian (NASDAQ: APPN) announced the winners of the inaugural 2020 Federal Partner Cup Hackathon, focusing on applications for the federal market using its low-code automation platform. The winning entries addressed critical issues like mental health, security modernization, and personnel management. First place went to Ignyte Group for a Mental Health Case Management system, while KPMG and Deloitte Consulting secured second and third places, respectively. Each winner received up to $10,000 and gained promotional support from Appian. The hackathon showcased the versatility and capabilities of the Appian platform.

On December 8, 2020, Appian (NASDAQ: APPN) announced that its Robotic Process Automation (RPA) has achieved FedRAMP authorization, enhancing its cloud automation platform. This certification enables federal agencies to utilize cloud-native RPA solutions, streamlining intelligent automation processes. Appian's secure architecture adheres to federal standards, with various infrastructure options available. The company supports over 100 government organizations, including major U.S. agencies and military branches, to enhance operational efficiency and compliance.

Appian (NASDAQ: APPN) has launched its Award Management solution, aimed at automating government award management processes for compliance and efficiency. This solution is part of Appian's Government Acquisition Solution Suite and helps agencies streamline contract management, reducing reliance on outdated systems. Key benefits include improved productivity through automation, enhanced collaboration, cost reduction, and compliance with federal regulations. Appian's platform is compatible with existing legacy systems, allowing agencies to utilize current IT investments while ensuring robust security across various deployment options.

On December 7, 2020, Appian (NASDAQ: APPN) unveiled its latest version of the Appian Low-code Automation Platform, designed to enhance enterprise automation capabilities amid the challenges posed by the COVID-19 pandemic. The release focuses on integrating robotic process automation (RPA), artificial intelligence (AI), and process automation, enabling rapid deployment and efficiency. Key features include intelligent document processing that reduces manual intake, a dashboard for monitoring application health, and data integration without migration requirements. Appian aims to capitalize on the increasing adoption of low-code platforms, expected to reach 75% by the end of 2021.

Appian (NASDAQ: APPN) has launched Appian Connected Claims, a solution available on AWS Marketplace aimed at simplifying insurance claims processes. This low-code platform enhances operational efficiency by integrating AI and RPA, offering insurers a comprehensive view of claims without the need to migrate existing data. Key benefits include faster claims settlement, reduced costs, and improved customer experience through streamlined data management. Appian Connected Claims promises quick deployment and significant time savings by automating manual tasks.

Appian Corporation (NASDAQ: APPN) will present at several upcoming investor conferences. The presentations include:

• The Raymond James 2020 Technology Investors Conference on December 8 at 2:20 p.m. ET.
• The Barclays Global Technology, Media and Telecommunications Conference on December 9 at 8:30 a.m. ET.
• The Morgan Stanley Future of Application Development Conference on December 10 at 2:15 p.m. ET.

All presentations will be webcast live, with replays available on the company's investor relations website.

Appian (NASDAQ: APPN) announces its 4th annual AppianGOVERNMENT event to be held on December 8, focusing on the role of low-code automation in enhancing service delivery amid the pandemic. The event will feature panels with government tech leaders discussing modernization through automation, including RPA and AI technologies. Key discussions will cover how agencies are adapting to regulatory challenges and improving citizen experiences by leveraging Appian's platform for efficient application development. The event includes sponsorship from major firms like Accenture and Deloitte.

Appian (Nasdaq: APPN) reported strong Q3 2020 financial results, with cloud subscription revenue jumping 40% year-over-year to $34.3 million. Total subscriptions revenue rose 34% to $50.8 million. Total revenue reached $77.3 million, up 17% from Q3 2019. Operating loss improved to $(7.5) million, and GAAP net loss narrowed to $(3.6) million. The company projects Q4 2020 cloud subscription revenue between $35.0 million and $35.5 million, indicating 33%-35% growth.