Appian Expects FY24 Revenue Of $610M-$615M Vs $615.69M Est, Adj EPS Of $(0.61)-$(0.52) Vs $(0.80) Est
Portfolio Pulse from Benzinga Newsdesk
Appian Corporation (APPN) has released its full-year 2024 guidance, expecting total revenue between $610M and $615M, slightly below the $615.69M estimate. The company anticipates an adjusted EPS loss between $(0.61) and $(0.52), better than the $(0.80) estimate. Cloud subscription revenue is projected to grow by 18% year-over-year.
August 01, 2024 | 11:15 am
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Appian's FY24 guidance shows total revenue slightly below estimates but a better-than-expected adjusted EPS loss. Cloud subscription revenue is expected to grow by 18% year-over-year.
The guidance indicates a slight miss on revenue but a better-than-expected EPS loss, which could be seen positively by investors. The significant growth in cloud subscription revenue is also a positive indicator.
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