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Appian's Cloud Growth Blasts Through Expectations: What's Next for the Stock?

Nicholas Rossolillo, The Motley Fool
·5-min read
Appian's Cloud Growth Blasts Through Expectations: What's Next for the Stock?

Third-quarter 2020 cloud subscription revenue increased 40% to $34.3 million, handily beating management’s expectations for as much as $31.9 million. Flush with cash, Appian is a company enabling rapid change as the world adapts to new realities brought about by COVID-19. Shares of low-code software and software robotics platform Appian (NASDAQ: APPN) were up double-digit percentages the day after reporting third-quarter 2020 results last week.

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