Appian Third Quarter 2024 Earnings: Beats Expectations

Appian Corporation Class A +3.04%

Appian Corporation Class A

APPN

40.65

+3.04%

Appian (NASDAQ:APPN) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$154.1m (up 12% from 3Q 2023).
  • Net loss: US$2.10m (loss narrowed by 91% from 3Q 2023).
  • US$0.029 loss per share (improved from US$0.30 loss in 3Q 2023).
earnings-and-revenue-growth
NasdaqGM:APPN Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Appian Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 89%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

The company's shares are up 11% from a week ago.

Risk Analysis

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via