Appian Corp (APPN) stock gained on strong Q2 results, beating revenue estimates and increasing subscription revenue by 17% ...

Appian Corp shares soared and Pegasystems Inc shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets.

Appian included Zou, a software architect, in the lawsuit, and he was ordered to pay Appian $5,000. In the 2020 complaint, Appian claimed that it lost 201 customers and claimed $479 million in “unjust ...

The appeals court overturned a decision by a jury in May 2022 to order Pegasystems to pay Appian $2.04 billion in damages for misappropriating trade secrets following a 7-week trial.

Appian (APPN -0.59%) stock soared last May after the low-code software company won a $2.036 billion award in a case against rival Pegasystems (PEGA 2.48%) over theft of trade secrets.

Pegasystems was ordered to pay $2 billion in damages to Appian. While the judgment is being appealed, there is a high degree of uncertainty around the outcome.

In the Cambridge company’s earnings call Thursday, Pegasystems Inc.’s CEO Alan Trefler said he was looking forward to the appeal process in Pega’s ongoing legal battle with Appian Corp.

Last week, one analyst asked Pega CEO Alan Trefler if the $2B Appian lawsuit is shaping any of the company's conversations with customers. Here's how he responded.

Pegasystems must pay Appian 6% interest on the judgment, equivalent to $122 million a year, as long as the award is outstanding, adding to the amount so long as an appeals court doesn't reverse ...

Although if the jury's award is upheld, we think the issues would go beyond mere potential governance concerns. The ruling stems from the 2020 case Appian Corp v. Pegasystems Inc. and Youyong Zou.

Second quarter cloud subscriptions revenue increased 21% year-over-year to $106.9 million Second quarter total revenue ...

Pegasystems cash flow (Pegasystems cash flow (Pegasystems Q2 earnings deck)) This deterioration in profitability is especially concerning given the potential future need to pay out the Appian verdict.