Appian announced its Q3 2024 financial results, reporting a 12% increase in total revenue year-over-year to $154.1 million and a 22% increase in cloud subscription revenue to $94.1 million. The company's GAAP operating loss improved to $(7.2) million, and non-GAAP operating income was $8.3 million. Appian now projects positive adjusted EBITDA for the full year 2024.
Cloud subscription revenue increased by 22% year-over-year, reaching $94.1 million.
Total revenue grew by 12% compared to the third quarter of 2023, amounting to $154.1 million.
GAAP operating loss improved from $(15.2) million to $(7.2) million year-over-year.
Non-GAAP operating income was $8.3 million, a significant improvement from the non-GAAP operating loss of $(7.7) million in the third quarter of 2023.
Appian provided guidance for Q4 2024 and full year 2024.
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