Appian Announces Third Quarter 2018 Financial Results
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Appian Corporation (APPN) Tops Q3 EPS by 5c, Revenues Beat; Offers FY18 EPS/Revenue Guidance Above Consensus
November 1, 2018 4:30 PM EDTAppian Corporation (NASDAQ: APPN) reported Q3 EPS of ($0.13), $0.05 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $54.9 million versus the consensus estimate of $49.78 million.
Revenue: Subscription revenue was $29.4 million for the third quarter of 2018, up 42% compared to the third quarter of 2017. Total subscriptions, software and support revenue increased 36% year-over-year to $30.9 million for the third quarter of 2018. Professional services revenue was $24.0 million for the third quarter of 2018, an increase of 9% year-over-year. Total revenue was $54.9 million for the third quarter of 2018, up 23% compared to the third quarter of 2017. Subscription revenue retention... More