The software company exceeded analyst expectations for both earnings per share and quarterly revenue in its latest report.
Appian reported non-GAAP earnings per share of $0.27, surpassing estimates by $0.09. Revenue reached $202.18M, beating projections by $10.43M.
Analysts had anticipated lower figures, with consensus estimates closer to $0.18 for EPS and $191.75M for revenue. The results reflect stronger-than-expected demand for the company’s low-code automation platform.
Shares may see upward pressure as investors digest the better-than-expected performance.