Appian: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:51 PM ET
Last Updated - Jun 21, 2023, 09:23 PM EDT
MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Appian Corp. (APPN) on Tuesday reported a loss of $36.8 million in its first quarter.
The McLean, Virginia-based company said it had a loss of 51 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 27 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The business process management software provider posted revenue of $135.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $131.1 million.
