Appian Corporation (APPN) Misses Q3 EPS by 3c

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Appian Announces Third Quarter 2021 Financial Results

November 4, 2021 4:01 PM EDT

Cloud subscription revenue increased 36% year-over-year to $46.7 millionSubscriptions revenue increased 32% year-over-year to $67.2 million

MCLEAN, Va., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Appian (Nasdaq: APPN) today announced financial results for the third quarter ended September 30, 2021.

Appian's cloud subscription revenue grew 36%, which is above the top end of our guidance. Appian is an 'engine for change' that is unifying process mining, workflow, and automation within a single low-code platform. Companies are choosing Appian to adapt quickly to the increasing pace of change, said Matt Calkins, CEO & Founder.

Third Quarter 2021... More