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  • Updated 22 Days Ago

Anaplan Bets on AI, ML and Partners to Drive Growth | Sramana Mitra

Updated 4 Years Ago

Anaplan Bets On AI, ML And Partners To Drive Growth | Sramana Mitra
It has been under a year since the cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) went public. The stock has almost tripled since it listed. It recently announced its first quarter results, and the stock climbed 20% post the announcement. Anaplan's Financials For the quarter, Anaplan's revenues grew 47% to $75.8 million, significantly ahead of the Street's forecast of $70.5 million. It ended the quarter with an operating loss of $37.1 million, compared to $25.3 million reported a year ago. On an adjusted basis, it reported a loss of $0.16 per share, compared with the Street's forecast of a loss of $0.21 per share. By segment, subscription revenues grew 45% to $65.1 million and professional services revenues grew 62% to $10.7 million. Anaplan expects to end the current quarter with revenues of $77.5-$78.5 million. It forecast revenues of $326-$331 million for the year. The Street had forecast revenues of $74.4 million for the quarter. Anaplan's
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