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Investing.com -- Appian Corporation (NASDAQ:APPN) shares surged 13.7% after the low-code automation platform provider reported second-quarter results that exceeded analyst expectations and raised its full-year guidance, driven by strong demand for its AI capabilities.
The company reported breakeven earnings per share for the second quarter, beating analyst estimates of -$0.13. Revenue came in at $170.6 million, significantly above the consensus estimate of $160 million and up 17% YoY. Cloud subscription revenue, a key growth metric for the company, increased 21% YoY to $106.9 million.
"Appian AI drove strong financial results in the second quarter of 2025, with higher prices and a larger pipeline," said Matt Calkins, CEO & Founder.
The company’s improved profitability was notable, with non-GAAP operating income of $5.6 million compared to a loss of $13.1 million in the same quarter last year. Adjusted EBITDA reached $8.1 million, a substantial improvement from the $10.5 million loss reported in the second quarter of 2024.
Looking ahead, Appian raised its full-year outlook, now expecting revenue between $695 million and $703 million, above the analyst consensus of $682.1 million. The company also projected full-year non-GAAP earnings per share of $0.28 to $0.36, exceeding the consensus estimate of $0.22.
For the third quarter, Appian forecasts revenue of $172 million to $176 million, slightly above analyst expectations of $171.7 million, with non-GAAP earnings per share between $0.03 and $0.07.
The company’s cloud subscription revenue retention rate remained strong at 111% as of June 30, 2025, indicating high customer satisfaction and expanded usage among existing clients.
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