The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Sanjeet Singh - Morgan Stanley - Analyst
: Thank you for taking the questions and congrats on the continued progress on the profit profitability. It's really nice to see.
I want that to ask about the good government performance this quarter to what degree was there any sort of Potential pull forward into the Q1
ahead of some of the uncertainty around ordering patterns due to DOGE and then as we think out into 3, the federal government.
And the fiscal year spend, what sort of the baseline assumptions that you guys are making with respect to the, your end federal budget, spending
period?
Question: Sanjeet Singh - Morgan Stanley - Analyst
: Awesome, that's great to hear. And then just as a follow up if I look at sort of the cloud net retention rate, certainly within the range that you guys
have talked about historically 110 to 120, it did dip down more meaningfully in Q1 and doesn't sound like that's coming from the government side
of the house.
Any sort of spending hesitation you're seeing on the enterprise commercial side of the business that drove that net retention rate down 4 points
quarter to quarter.
Question: Sanjeet Singh - Morgan Stanley - Analyst
: I appreciate the color. Thanks Mark.
Question: Devin Au - Keybanc Capital Markets - Analyst
: Great. Good morning, Matt. Good morning, Mark. Thanks for asking my questions here.
I want to first off, maybe just start with some of the exciting product announcements that came out of Appian world, this year, when I talked to
the customers at the conference seems like intelligent document processing and extraction, that has been a really widely adopted product, among
your customers.
Can you maybe share more on what's been driving success and adoption there, any new learnings you can kind of port over to some of the new
AI.
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MAY 08, 2025 / 12:30PM, APPN.OQ - Q1 2025 Appian Corp Earnings Call
Appian offerings, that you can maybe replicate the success you've seen at AD at IDP.
Question: Devin Au - Keybanc Capital Markets - Analyst
: I appreciate the context they're really helpful. And then just a quick follow up. I do want to dive a little bit deeper into your comments around
public sector, and it seems like things are still going well and you were cautiously optimistic, and you mentioned bookings growth of 59% in the
quarter.
I mean, how did kind of that booking's performance compare to your internal expectations in the quarter and any color on, how that figure kind
of compared, last quarter, maybe last year's anything you can share would be helpful.
Thank you.
Question: Devin Au - Keybanc Capital Markets - Analyst
: Got it. Really appreciate the color.
Thank you.
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