Appian Seizes a Low-Code Moment
"Digital transformation" has been one of the biggest buzzwords of 2020 in the business world.
Companies from e-commerce to cloud computing have said that technological adoption has been pulled forward by years in response to the COVID-19 pandemic. Now Appian (NASDAQ: APPN), the leading of provider of low-code software, appears to be the latest company to get a boost.
Shares of the cloud stock jumped as much as 20% on Friday after its third-quarter earnings report released Thursday after the markets closed smashed through both the company's own guidance and analyst estimates. Cloud subscription revenue, Appian's most important business metric, rose 40% year over year to $34.3 million in the quarter, well ahead of the company's own guidance at $31.4 million to $31.9 million.
Source Fool.com
