Categories Earnings, Technology

Anaplan (NYSE: PLAN): Q4 2020 Earnings Snapshot

— Anaplan Inc. (NYSE: PLAN) reported a fourth-quarter 2020 loss of $0.07 per share versus a loss of $0.10 per share expected.

— Total revenue climbed by 42% to $98.2 million versus $97.15 million expected. Subscription revenue soared by 50% year-over-year.

Earnings Update by AlphaStreet

— There was $656 million of the remaining performance obligation, which is up 49% year-over-year. The dollar-based net expansion was 122%.

— The company continues to see incredible growth opportunities with the growing demand for its platform. Anaplan continues to see a massive opportunity and continued momentum for the coming year.

— Looking ahead into the first quarter of 2021, the company expects total revenue in the range of $102-103 million and an adjusted operating margin to be in the negative 17.5-18.5% range. The consensus estimates revenue of $102.48 million.

— For fiscal 2021, the total revenue outlook is lifted to the range of $463-467 million from the previous range of $455-460 million. The consensus estimates revenue of $460.4 million. The adjusted operating margin is predicted to be in the negative 12.5-13.5% range.

— The company said Mark Anderson, Chief Growth Officer, plans to step back and will no longer be an employee. He will help ensure a smooth transition by continuing to advise the company. The company has no plans to backfill this position.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  Cleveland-Cliffs (NYSE: CLF): Q3 2019 Earnings Snapshot

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