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.

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Source Fool.com