Domo signs strategic collaboration agreement with AWS for AI solutions
Appian Corporation (NASDAQ:APPN), a $2.31 billion market cap company with impressive gross profit margins of 76%, has launched a Share Repurchase Program, as disclosed in a recent filing with the Securities and Exchange Commission. The Board of Directors has authorized the repurchase of up to $10 million of the company’s Class A common stock. This initiative is set to take place from May 2025 through December 31, 2025. According to InvestingPro analysis, while currently unprofitable, analysts expect the company to turn profitable in 2025.
The program is designed to offset the issuance of shares to employees opting to receive a portion or all of their annual bonuses in stock, under a new employee compensation plan. Additionally, it aims to accommodate new employee elections for stock-based compensation. The Board anticipates authorizing similar repurchases annually for this purpose. With revenue growing at 13.15% and operating with moderate debt levels, InvestingPro data reveals the company maintains a stable financial position despite market volatility.
Appian’s repurchase strategy does not mandate the acquisition of a particular number of shares. The company may execute repurchases through various methods, such as open market transactions, privately negotiated deals, Rule 10b5-1 compliant plans, or accelerated share repurchases. The timing and volume of repurchases will be contingent on several factors, including legal requirements, market conditions, and share price. For deeper insights into Appian’s valuation and financial health metrics, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
This information is based on a press release statement.
In other recent news, Appian Corp reported its first-quarter 2025 earnings, revealing a revenue of $166.4 million, which exceeded expectations and marked an 11% year-over-year increase. Despite a slight miss on earnings per share, with a loss of $0.02 against a forecasted gain of $0.01, the company’s revenue performance was driven by significant growth in its AI-driven cloud subscription services. Appian’s cloud subscription revenue grew by 15% year-over-year, reaching $99.8 million, with AI adoption among cloud customers reaching 70%.
Additionally, Appian’s federal business segment experienced robust growth, with bookings increasing by 59% compared to the same period last year. The company’s efforts in AI monetization are progressing, with a new Advanced tier contributing $9 million in revenue for the quarter. Citi analyst Steven Enders raised Appian’s stock price target to $41, maintaining a Buy rating, highlighting the positive outlook for the federal sector and advancements in AI monetization.
Appian’s management has expressed cautious optimism for the rest of the year, with projections of cloud subscription revenue to be between $419 million and $423 million for the full year 2025. The company remains optimistic about federal government spending, which is a significant sector for its business. Appian’s cash and equivalents increased to $199.7 million, up from $159.9 million at year-end, reflecting strong financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.