Appian Stock Pops 12% on Surprise Profit Despite 84% Plunge from 2021 Highs
- Appian stock is down 84% from 2021 peak but popped 12% after recent earnings beat
- Q4 cloud revenue up 26% to $83M; total revenue up 16% to $145M
- Surprise profit of $0.06/share vs expected loss of $0.24/share
- Focusing on AI capabilities and "data fabric" technology to connect data sources
- Guides for 20% cloud revenue growth in 2023; sees profitability by 2024/2025