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Mar 31, 2022
Appian Q1 2022 Earnings Report
Appian's Q1 2022 results exceeded expectations with strong cloud subscription revenue growth and a well-attended annual conference.
Key Takeaways
Appian announced its Q1 2022 financial results, reporting a 29% increase in total revenue, driven by a 37% increase in cloud subscription revenue. The company exceeded its guidance for the quarter and saw a strong community turnout at its annual conference.
Cloud subscription revenue increased 37% year-over-year to $53.4 million.
Total subscriptions revenue increased 31% year-over-year to $83.7 million.
Total revenue was $114.3 million, up 29% compared to the first quarter of 2021.
Cloud subscription revenue retention rate was 117% as of March 31, 2022.
Revenue by Segment
Forward Guidance
Appian provided guidance for the second quarter and full year 2022.
Positive Outlook
- Second quarter cloud subscription revenue is expected to be in the range of $55.8 million and $56.3 million, representing year-over-year growth of between 31% and 32%.
- Second quarter total revenue is expected to be in the range of $102.8 million and $104.8 million, representing a year-over-year increase of between 24% and 26%.
- Full year cloud subscription revenue is expected to be in the range of $236.0 million and $238.0 million, representing year-over-year growth of between 32% and 33%.
- Full year total revenue is expected to be in the range of $453.0 million and $457.0 million, representing a year-over-year increase of between 23% and 24%.
- SkillStorm will provide an exclusive pipeline of custom-trained and certified Appian Developers at high scale.
Challenges Ahead
- Second quarter adjusted EBITDA loss is expected to be in the range of $(25.0) million and $(22.0) million.
- Second quarter non-GAAP net loss per share is expected to be in the range of $(0.37) and $(0.33), assuming weighted average common shares outstanding of 72.4 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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