— 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.
— 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.
The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data
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