Appian CEO Calkins reveals where the company stands in a recession

According to Appian (APPN) announced its third-quarter earnings, shares of the cloud-computing company fell more than 20% — its 43-cent EPS for the third quarter is below the 23-cent forecast by an analyst consensus, while Appian also exceeded its FY22 -Forecast of $461M narrowed -$466M from $466M to $470M.

Loss per share is also now forecast at $1.30 to $1.36 instead of 91 to 86 cents.

At the same time, however, Appian reported a 27.6% year-over-year increase in revenue to $117.9 million, as well as a 30 percent cloud subscription revenue of $60.6 million and a 115 percent cloud subscription revenue retention rate.


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