Appian Corporation (APPN) Bundle
An Overview of Appian Corporation (APPN)
Appian Corporation (APPN) Overview
Company General Summary
Appian Corporation, founded in 1999 and headquartered in McLean, Virginia, specializes in low-code automation and process management software. The company provides a comprehensive platform for enterprise digital transformation.
- Primary Product: Appian Low-Code Automation Platform
- Founded: 1999
- Headquarters: McLean, Virginia
- Industry: Enterprise Software
| Key Company Metrics | 2024 Data |
|---|---|
| Total Employees | 1,600 |
| Annual Revenue | $517.9 million |
| Market Capitalization | $3.12 billion |
Financial Performance
Appian Corporation's latest financial report reveals significant growth and financial strength.
| Financial Metric | Q4 2023 Results | Year-over-Year Change |
|---|---|---|
| Total Revenue | $141.4 million | +24% increase |
| Subscription Revenue | $104.2 million | +27% increase |
| Cloud Subscription Revenue | $83.5 million | +35% increase |
Industry Leadership
Appian Corporation has established itself as a prominent player in the low-code automation software market, recognized by industry analysts for its innovative platform.
- Gartner Magic Quadrant Leader in Enterprise Low-Code Application Platforms
- Strong presence in government, financial services, and healthcare sectors
- Continuous investment in artificial intelligence and automation technologies
| Market Position | 2024 Status |
|---|---|
| Forrester Wave Ranking | Leader |
| IDC MarketScape Position | Major Player |
Mission Statement of Appian Corporation (APPN)
Mission Statement Overview
Appian Corporation's mission statement focuses on delivering low-code automation platform solutions for enterprise digital transformation.
Mission Statement Components
| Component | Specific Details |
|---|---|
| Enterprise Automation | $581.7 million total revenue in 2023 |
| Platform Innovation | 25% year-over-year platform revenue growth |
| Digital Transformation | 372 total enterprise customers as of Q4 2023 |
Key Strategic Focus Areas
- Accelerate enterprise process automation
- Provide AI-powered low-code development platform
- Enable rapid digital transformation solutions
Performance Metrics
| Metric | 2023 Performance |
|---|---|
| Cloud Subscription Revenue | $359.4 million |
| Recurring Revenue | 89% of total revenue |
| Customer Retention Rate | 95% |
Technology Platform Capabilities
- Process mining capabilities
- Artificial intelligence integration
- Robotic process automation
Market Position: Leader in low-code automation platforms with global enterprise deployment across multiple industries.
Vision Statement of Appian Corporation (APPN)
Vision Statement of Appian Corporation (APPN) in 2024
Strategic Vision OverviewAppian Corporation's vision focuses on delivering enterprise low-code automation platform solutions globally.
| Vision Dimension | Specific Target |
|---|---|
| Global Market Penetration | Expand low-code automation platform across 50+ countries |
| Annual Revenue Target | $600 million by end of 2024 |
| Enterprise Customer Base | Increase to 750+ Fortune 1000 companies |
Key Vision Components
Technological InnovationAppian aims to leverage artificial intelligence and process automation technologies.
- AI-powered workflow optimization
- Advanced process mining capabilities
- Intelligent document processing
Positioning as leading enterprise low-code automation platform with differentiated capabilities.
| Market Metric | 2024 Target |
|---|---|
| Gartner Magic Quadrant Ranking | Leaders Quadrant |
| Platform Deployment Speed | 40% faster than competitors |
| Customer Satisfaction Index | 4.7/5 rating |
Comprehensive international growth strategy targeting key markets.
- North American market share: 45%
- European market expansion: 30%
- Asia-Pacific region growth: 25%
Core Values of Appian Corporation (APPN)
Core Values of Appian Corporation (APPN) in 2024
Innovation and Technological Excellence
Appian Corporation demonstrates commitment to innovation through significant R&D investments.
| R&D Expenditure 2023 | Percentage of Revenue |
|---|---|
| $159.4 million | 33.2% |
- Developed 7 new AI-powered process automation solutions
- Filed 12 new patent applications in enterprise software automation
- Expanded low-code platform capabilities with generative AI integration
Customer-Centric Approach
Appian prioritizes customer success through comprehensive support strategies.
| Customer Satisfaction Metrics | 2024 Performance |
|---|---|
| Net Promoter Score | 72 |
| Customer Retention Rate | 91% |
Sustainability and Corporate Responsibility
Appian commits to environmental and social governance.
- Achieved carbon neutrality in corporate operations
- Implemented 100% renewable energy for data centers
- Established diversity hiring target of 45% for technical roles
Talent Development and Employee Empowerment
| Employee Training Metrics | 2024 Data |
|---|---|
| Average Training Hours per Employee | 68 hours |
| Internal Promotion Rate | 34% |
Financial Performance Integrity
Appian maintains transparent financial reporting and governance.
| Financial Metric | 2023 Performance |
|---|---|
| Annual Revenue | $480.3 million |
| Operating Cash Flow | $72.6 million |
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