Appian Corp (NASDAQ: APPN) stock gained on Thursday after it reported fiscal first-quarter results.
The company reported quarterly revenue growth of 11% year-on-year to $166.43 million, beating the analyst consensus estimate of $163.35 million.
Adjusted EPS of 13 cents beat the analyst consensus estimate of three cents.
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Total subscription revenue increased 14% year over year to $134.4 million. Professional services revenue was $32.1 million, flat Y/Y.
Adjusted EBITDA was $16.8 million, compared to $(1.3) million a year ago.
Appian ended the quarter with cash and equivalents of $199.7 million.
It generated $45 million in operating cash flow versus $18.9 million Y/Y.
Outlook: Appian expects second-quarter fiscal 2025 revenue of $158 million–$162 million, up by 8%–11% Y/Y against the consensus of $162.16 million. It projects an adjusted EPS of $(0.15)-$(0.11) versus the $(0.13) analyst consensus estimate.
The company expects fiscal 2025 revenue of $680 million-$688 million, up by 10%-12% Y/Y (prior $680 million–$684 million), against the analyst consensus estimate of $679.11 million.
It projects an adjusted EPS of 18 cents to 26 cents (prior 17 cents to 22 cents) against the analyst consensus estimate of 18 cents.
APPN Price Action: Appian Corp stock is up 6.25% at $32.31 at publication on Thursday.
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