{"id":75779,"date":"2023-10-23T07:52:58","date_gmt":"2023-10-23T11:52:58","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/appian-outperforms-peers-in-q2-amid-challenging-earnings-season\/"},"modified":"2023-10-23T07:53:01","modified_gmt":"2023-10-23T11:53:01","slug":"appian-outperforms-peers-in-q2-amid-challenging-earnings-season","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75779","title":{"rendered":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite meeting analyst consensus estimates, the six tracked stocks posted next quarter’s revenue guidance 1.13% below consensus due to inflationary pressures. <\/p>\n

Appian (NASDAQ:), a company known for its AI-based process automation platform that requires minimal coding for application development, emerged as the top performer. Under the leadership of CEO & Founder Matt Calkins, Appian reported revenues of $127.7 million, marking a 16% year-over-year increase and exceeding analyst expectations by 3.15%. According to InvestingPro Data, Appian’s revenue growth for the last twelve months (LTM2023.Q2) was 20.13%, and its quarterly revenue growth for FY2023.Q2 was 16.04%. However, InvestingPro Tips suggests that Appian’s revenue growth has been slowing down recently, and the company operates with a poor return on assets, reflected by a negative return on assets of -29.13% (LTM2023.Q2).<\/p>\n

On the other end of the spectrum was Pegasystems (NASDAQ:), a firm that provides a SaaS platform to automate customer service workflows. Pegasystems fell short of analyst expectations by 3.98%, reporting revenues of $298.3 million. The disappointing performance has led to a 28.8% drop in its stock since the results were announced.<\/p>\n

UiPath, renowned for its software automating repetitive tasks, slightly outperformed analyst expectations by 1.86%, reporting revenues of $287.3 million. Jamf, a company providing software for managing Apple (NASDAQ:) devices, met analyst expectations with reported revenues of $135.1 million.<\/p>\n

Everbridge (NASDAQ:), recognized for its emergency management software, experienced the slowest revenue growth among its peers with revenues of $110.6 million. This concludes the highlights from this quarter’s earnings season for automation software stocks, reflecting both successes and challenges within the sector.<\/p>\n

Appian’s stock price movements have been quite volatile, with a 1-week price total return of 3.34% but a 3-month price total return of -11.79% (Y2023.D293). InvestingPro Tips also highlights that the company’s stock is trading at a high Price \/ Book multiple of 39.08 (LTM2023.Q2). Despite these challenges, Appian continues to be a significant player in the automation software sector. For more detailed insights and tips, consider exploring InvestingPro’s offering, which includes additional tips and real-time metrics here.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite meeting analyst consensus estimates, the six tracked stocks posted next quarter’s revenue guidance 1.13% below consensus due to inflationary pressures. Appian (NASDAQ:), a company known for its AI-based process automation platform that […]<\/p>\n","protected":false},"author":1,"featured_media":3065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-75779","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAppian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=75779\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=75779\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-23T11:52:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-23T11:53:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0Q1B5_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=75779#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=75779\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season\",\"datePublished\":\"2023-10-23T11:52:58+00:00\",\"dateModified\":\"2023-10-23T11:53:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=75779\"},\"wordCount\":390,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=75779#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=75779\",\"url\":\"https:\/\/ifintechworld.com\/?p=75779\",\"name\":\"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-23T11:52:58+00:00\",\"dateModified\":\"2023-10-23T11:53:01+00:00\",\"description\":\"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=75779#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=75779\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=75779#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld","description":"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=75779","og_locale":"en_US","og_type":"article","og_title":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld","og_description":"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite","og_url":"https:\/\/ifintechworld.com\/?p=75779","og_site_name":"iFintechWorld","article_published_time":"2023-10-23T11:52:58+00:00","article_modified_time":"2023-10-23T11:53:01+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEC0Q1B5_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=75779#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=75779"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season","datePublished":"2023-10-23T11:52:58+00:00","dateModified":"2023-10-23T11:53:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=75779"},"wordCount":390,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=75779#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=75779","url":"https:\/\/ifintechworld.com\/?p=75779","name":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-23T11:52:58+00:00","dateModified":"2023-10-23T11:53:01+00:00","description":"\u00a9 Reuters. The second quarter earnings season for automation software stocks, which concluded this Friday, painted a mixed picture for the sector. Despite","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=75779#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=75779"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=75779#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Appian Outperforms Peers in Q2 Amid Challenging Earnings Season"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/75779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75779"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/75779\/revisions"}],"predecessor-version":[{"id":75780,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/75779\/revisions\/75780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3065"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}