Appian Q2 2020 Earnings Report
Key Takeaways
Appian announced its Q2 2020 financial results, with cloud subscription revenue increasing by 30% year-over-year to $29.6 million. Total revenue grew by 2% year-over-year to $66.8 million. The company's cloud subscription revenue retention rate was 113%. GAAP operating loss was $(12.1) million, and GAAP net loss was $(11.8) million, or $(0.17) per share.
Cloud subscription revenue increased 30% year-over-year to $29.6 million.
Total subscriptions revenue increased 12% year-over-year to $41.4 million.
Total revenue increased 2% year-over-year to $66.8 million.
Cloud subscription revenue retention rate was 113%.
Appian
Appian
Appian Revenue by Segment
Forward Guidance
Appian provided guidance for Q3 2020, expecting cloud subscription revenue between $31.4 million and $31.9 million, total revenue between $70.5 million and $71.5 million, adjusted EBITDA loss between $(11.0) million and $(10.0) million, and non-GAAP net loss per share between $(0.18) and $(0.16).
Positive Outlook
- Cloud subscription revenue is expected to grow between 28% and 30% year-over-year.
- Total revenue is expected to increase between 7% and 8% year-over-year.
Challenges Ahead
- Adjusted EBITDA loss is expected to be between $(11.0) million and $(10.0) million.
- Non-GAAP net loss per share is expected to be between $(0.18) and $(0.16).
Revenue & Expenses
Visualization of income flow from segment revenue to net income