- Appian grew quarterly revenues at a rate of more than 28% in the first quarter of 2022 as a result of more people subscribing to its cloud platform and existing customers buying more.
- Still, in a market where the focus is more on profitability and cash consumption, the stock has been on a downtrend.
- However, the company does have pricing power and sells a product that is suitable to save costs for customers as inflationary pressures become more acute.
- The shares got some relief from a court case against rival software developer Pegasystems and one major shareholder buying more shares.
- Balancing it all out, Appian is more of a hold at the present juncture.
For further details see:
Appian: Growing Rapidly With Pricing Power, But Problematic Bottom Line