Appian Q2 Earnings: AI Adoption Drives 19% Revenue Growth

Earnings
โดย Yahoo Finance·US·Read original
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Appian reported second quarter results driven by strong demand for its low-code automation platform, with revenue of $203.3 million beating analyst estimates of $193.3 million and growing 19.1% year over year. Adjusted EPS of $0.13 significantly beat expectations of $0, and adjusted EBITDA of $16.16 million also exceeded the $7.25 million consensus. The company raised full-year revenue guidance to $849 million at the midpoint from $825 million, and lifted adjusted EPS guidance to $1.08 at the midpoint, an 8.5% increase. CEO Matthew Calkins highlighted that customers' Appian AI usage is 20 times greater than last year's second quarter, and 85% of new logos bought AI. During the earnings call, analysts from KeyBanc, William Blair, Citi, Morgan Stanley, and Barclays questioned management on vertical strength, bookings deceleration, pipeline quality, competitive positioning, and public sector modernization timelines.

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Q2 earnings beat and raised guidance

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