Appian Sees Opportunities in the Fight Against COVID-19
Appian (NASDAQ: APPN) stock fell late last week following its first-quarter earnings report as second-quarter guidance came in under expectations.
Management called for a decline in overall revenue of 7%-8%, though much of that impact was because of $4 million in on-premise subscription revenue that was pulled from the second quarter into the first, as well as weakness in the professional services segment due to the impact of COVID-19. Nonetheless, the company still called for solid revenue growth of 25%-26% in cloud subscriptions.
Like much of the business world, Appian is facing challenges stemming from the uncertainty around COVID-19. But the low-code cloud software maker has also stepped up to help organizations manage through the crisis.
Source Fool.com
