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Appian Increases Cloud Subscription Revenue by 39% Year Over Year
Yesterday, Appian announced its Q4 and full-year results. It reported a solid revenue increase in both timeframes.
"Appian cloud subscription revenue grew 39% for the full year. We enter 2022 with an accelerating business, a unified low-code platform, a growing ecosystem, and happy customers," said Matt Calkins, CEO & Founder in its press release.
While this is a solid growth indicator, the company provided little guidance as to its broader outlook (beyond financial guidance) or source of growth. Nevertheless, it seems to be another indicator of a broader market trend emphasizing continued investments in digitalization and automation across the board.