From GlobeNewswire: 2025-02-19 07:05:00

Appian’s fourth quarter cloud subscription revenue surged 19% year-over-year to $98.9 million. Full-year cloud subscription revenue also saw a 21% increase to $368.0 million in 2024. The company’s total subscriptions revenue, including cloud and on-premises subscriptions, rose by 18% to $136.8 million for the quarter.

In 2024, Appian focused on efficiency and value creation with AI integration into business processes. CEO Matt Calkins emphasized their unique approach of bringing AI to work rather than bringing work to AI. The company’s revenue for the fourth quarter of 2024 reached $166.7 million, marking a 15% increase from the previous year.

For the full year of 2024, Appian reported a total revenue of $617.0 million, a 13% increase from 2023. The company’s cloud subscription revenue amounted to $368.0 million, reflecting a 21% growth year-over-year. Professional services revenue for the year was $126.5 million, showing a slight decline from 2023.

Appian’s financial outlook for 2025 includes expectations of continued growth. Cloud subscription revenue for the first quarter is forecasted to be between $97.0 million and $99.0 million, representing a 12% to 14% year-over-year increase. Total revenue is expected to range from $162.0 million to $164.0 million, with adjusted EBITDA projected to be between $8.0 million and $10.0 million. Non-GAAP net income per share is anticipated to be between $0.02 and $0.05. Appian’s full-year 2025 guidance predicts cloud subscription revenue to be $419.0-$421.0 million with a 14% growth, total revenue at $680.0-$684.0 million with a 10% increase, adjusted EBITDA at $38.0-$42.0 million, and non-GAAP net income per share at $0.17-$0.22. A conference call will be held on February 19, 2025, to discuss these results.

To access the conference call, participants can register via a link provided by Appian. The company is known as The Process Company, offering a software platform that helps improve organizations’ processes. Appian provides non-GAAP financial measures for investors, including non-GAAP net income, adjusted EBITDA, and other performance metrics. These measures exclude certain expenses to provide a clearer view of the company’s performance.

Appian’s non-GAAP financial measures exclude stock-based compensation, litigation-related expenses, amortization, severance costs, and other charges. Adjusted EBITDA, a key non-GAAP metric, is defined as net loss before certain expenses. While useful, adjusted EBITDA has limitations and should not be considered a complete measure of operating performance. Presentation of non-GAAP financial measures should be viewed in conjunction with GAAP measures to understand Appian’s financial performance accurately. Appian has provided guidance ranges for non-GAAP net income (loss) per share and adjusted EBITDA. However, reconciling these amounts to their comparable GAAP financial measures is challenging due to unavailable information, high variability, and unpredictability of future events. Appian believes such reconciliations could be confusing or misleading to investors.

The press release includes forward-looking statements about Appian’s future financial and business performance, investment in go-to-market initiatives, market opportunity, and growth plans. Risks and uncertainties, such as competition, market acceptance, regulatory compliance, and strategic relationships, could impact Appian’s ability to achieve its objectives. New risks may emerge over time, affecting the company’s performance. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was due to concerns over inflation and rising interest rates impacting investor confidence.

2. A new study has found that wearing a mask significantly reduces the transmission of COVID-19. Researchers found that mask-wearing can reduce the spread of the virus by up to 70%, highlighting the importance of continued mask mandates in public spaces.

3. The United Nations released a report stating that global temperatures are on track to rise by 2.7 degrees Celsius by the end of the century. This is well above the target set by the Paris Agreement, highlighting the urgent need for action to combat climate change.

4. The World Health Organization announced that the global vaccination rate for COVID-19 has reached 50%, with over 5 billion doses administered worldwide. Despite this progress, disparities in access to vaccines remain a significant challenge in the fight against the pandemic.



Read more at GlobeNewswire:: Appian Announces Fourth Quarter and Full Year 2024