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Jun 30, 2020
Appian Q2 2020 Earnings Report
Appian's financial performance for Q2 2020 was reported, demonstrating growth in cloud subscriptions and overall revenue, despite increased operating and net losses.
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%.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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