Cloud Computing Firm Appian Stock Nosedives After Q1 Print, What's Going On?
Appian Corp (NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million. Adjusted EPS loss of 24 cents missed the analyst consensus loss of 16 cents. The stock price plunged close to 20% after the results. Total subscription revenue increased 19% year over year to $117.7 million. Professional services revenue was $32.1 million, down 11% year over year. Outlook: Appian expects second-quarter re
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Source: yahoo.com