Appian Projects Positive Adjusted EBITDA, Boasts Strong Subscription Revenue In Q3

Appian Corp (NASDAQ: APPN) reported fiscal third-quarter 2024 revenue growth of 12% year-on-year to $154.1 million, beating the analyst consensus estimate of $151.9 million.

Adjusted EPS of 15 cents beat the analyst consensus loss of 9 cents. The stock price climbed after the results.

Total subscription revenue increased 19% year over year to $123.1 million. Professional services revenue was $30.9 million, down 7% year over year.

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