Categories Earnings, Technology

Anaplan, Inc. (NYSE: PLAN): Q3 2020 Earnings Snapshot

— Enterprise planning solutions provider Anaplan, Inc. (NYSE: PLAN) reported an adjusted net loss of $0.08 per share for the third quarter of 2020, vs. $0.12 per share loss expected.

— Unadjusted net loss narrowed to $34.7 million $0.26 per share from $51.23 million or $1.11 per share in the third quarter of 2019

— Total revenue was $89.4 million, up 44% from the year-ago quarter and above analysts’ estimate of $86.35 million

— Subscription revenue increased 47%; remaining-performance-obligations rose 55% to $590 million

— Expects fourth-quarter revenues to be in the range of $96.5 million to $97.5 million; looking for adjusted operating margin between 14% and 15% for the current quarter

— Expects full-year 2020 revenues to be in the range of $346 million to $347 million; sees 2020 adjusted gross margin in the 17%-18% range

— As of October 31, 2019, Anaplan had cash and cash equivalents of $310.8 million

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