Overview
- Appian reported revenue of $202.2 million with adjusted earnings of $0.27 per share and a GAAP loss of $1.5 million, beating analyst forecasts.
- The company raised full-year guidance to $819–$831 million in revenue and $0.94–$1.05 in adjusted EPS, and it projected Q2 revenue of $191–$195 million with EPS between a $0.02 loss and $0.02 profit.
- Subscription sales rose 19% to $160.3 million as cloud subscriptions grew 25% to $124.5 million, and cloud net recurring revenue expansion reached 115%.
- Profitability and cash improved with adjusted operating income of $24.4 million, adjusted EBITDA of $26.6 million, and $48.83 million in net operating cash flow.
- Executives credited rising enterprise use of AI for deal momentum, citing AI-inclusive license upgrades and DocCenter adoption, while AP reported the stock is down 35% this year and 25% over 12 months.