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

AAPL Earnings: Apple Q1 revenue up 11%; earnings beat Street view

Apple Inc. (NASDAQ: AAPL) on Thursday said its first-quarter sales and earnings increased, aided by stable demand for its popular smartphone brand iPhone and strength of the services business. The

INTC Stock: Intel set to gain from stable sales, capacity expansion this year

Intel Corporation (NASDAQ: INTC) has been on an aggressive expansion drive to strengthen its foothold in the semiconductor industry. The chipmaker's recent performance indicates it has effectively tackled competition through

Microsoft (MSFT) becomes a compelling buy after strong earnings, Activision deal

Microsoft Corp. (NASDAQ: MSFT) is one of the most innovative technology companies, constantly transforming the business to align with the rapidly changing digital economy. While aggressively participating in the digital

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