Appian Corp (NASDAQ:APPN) shares found momentum Friday on the most recent quarterly results.
The company reported fourth-quarter FY21 revenue growth of 29% year-on-year to $105 million, beating the consensus of $95.3 million.
Total subscriptions revenue, including sales of SaaS subscriptions, on-premises term license subscriptions, and maintenance and support, increased 35% Y/Y to $75.8 million.
Professional services revenue was $29.2 million versus $25.5 million last year.
Non-GAAP EPS loss of $(0.16) beat the consensus loss of $(0.23).
Appian sees Q1 FY22 revenue of $106.0 million - $108.0 million, above the consensus of $102.7 million.
The company also foresees non-GAAP EPS loss of $(0.15) - $(0.12), better than the consensus loss of $(0.20).
Appian sees FY22 revenue of $444 million - $446 million, above the consensus of $424.3 million.
Appian sees non-GAAP EPS loss of $(0.83) - $(0.80), better than the consensus loss of $(0.85).
Said CEO Matt Calkins, "We enter 2022 with an accelerating business, a unified low-code platform, a growing ecosystem, and happy customers."
Appian provides a low-code platform that accelerates the creation of high-impact business applications and workflows, enabling our customers to automate the most important aspects of their business. Global organizations use our applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance
APPN shares traded higher by $4.98, or 10.1% to $54.26 mid-morning Friday.
