Appian Corp (APPN) stock surged 10.8% in the pre-market trading session on Wednesday, following the company's better-than-expected fourth-quarter 2024 financial results.
The low-code automation platform provider reported an adjusted earnings per share of $0.15 for the fourth quarter, surpassing analysts' expectations of a loss of $0.01 per share. Furthermore, Appian's revenue for the quarter reached $166.685 million, beating the consensus estimate of $164.263 million.
The strong financial performance, driven by higher demand for its cloud-based solutions, has boosted investor confidence in Appian's growth prospects. As a result, the company's shares are trading significantly higher ahead of the market open on Wednesday.
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