)

Overview

Process automation tech firm’s Q1 revenue rose 21%, beating analyst expectations
Adjusted EPS for Q1 beat consensus
Cloud subscriptions and professional services revenue both saw double-digit growth

Outlook

Result Drivers

CLOUD SUBSCRIPTIONS GROWTH - Cloud subscriptions revenue rose 25% year-over-year, supporting overall revenue growth
PROFESSIONAL SERVICES DEMAND - Professional services revenue increased 31% year-over-year
RECURRING REVENUE EXPANSION - Cloud net annualized recurring revenue expansion was 115% as of March 31, 2026 Company press release:

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Beat $202.20 $191.46

Revenue mln mln (6

Analysts

)

Q1 Beat $0.27 $0.18 (7

Adjusted Analysts

Q1 Net -$1.53

Income mln

Q1 Gross $147.77

Profit mln

Operatin mln

Expenses

Operatin mln

g Profit

Pretax 0

Profit

Analyst Coverage

The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 1 “strong buy” or “buy”, 6 “hold” and 1 “sell” or “strong sell”
The average consensus recommendation for the software peer group is “buy.”
Wall Street’s median 12-month price target for Appian Corp is $25.00, about 7.9% above its May 6 closing price of $23.18
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 36 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)