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

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top