{"id":18305,"date":"2022-03-03T05:03:16","date_gmt":"2022-03-03T05:03:16","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings-report\/"},"modified":"2022-03-03T05:03:16","modified_gmt":"2022-03-03T05:03:16","slug":"shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings-report","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings-report\/","title":{"rendered":"Shares in business planning software company Anaplan rise on strong earnings report"},"content":{"rendered":"

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Shares in business planning software company Anaplan Inc. were up in late trading after it reported better-than-expected earnings in its latest earnings report.<\/p>\n

For the quarter ending Jan. 31, Anaplan reported a non-generally accepted accounting principles loss of $10.6 million or 11 cents per share compared to a loss of $9.4 million or seven cents per share in the same quarter last year. Revenue came in at $162.7 million, up 32.8% year-over-year.<\/p>\n

Analysts had expected<\/a> a loss of 12 cents per share on revenue of $154.6 million.<\/p>\n

Highlights in the quarter included Anaplan signing up new customers, including Recognise Bank Ltd., The University of Surrey, Glide Student & Residential Ltd. and Vitality. Anaplan said the new customers picked them to support financial transformation and agile operations. Anaplan also partnered with PR Metrodata Eleconics Tbs to deliver cloud-based enterprise performance management to customers in Indonesia. As of the end of the quarter, Anaplan had over 1,900 customers.<\/p>\n

For the full fiscal year 2022, Anaplan reported a non-GAAP loss of $40.8 million or $1.39 per share on revenue of $592.2 million, up 32.3% year-over-year.<\/p>\n

\u201cAs we start the new fiscal year, we are well-positioned with our growth strategy and the next level of innovation to take advantage of the opportunities ahead,\u201d Frank Calderoni, chief executive officer of Anaplan, said in a statement<\/a>. \u201cWe offer immense value to our customers and are committed to delivering the most innovative planning solution.\u201d<\/p>\n

Looking forward, Anaplan predicted revenue of between $164.5 million in its fiscal 2023 first quarter. The company did not provide a traditional non-GAAP income or EPS figure, instead saying that their non-GAAP operating margin is expected to be between negative 6.5% and 7.5%. For the full fiscal year 2023, Anaplan predicted revenue of around $745 on a non-GAAP operating margin of between 3.5% to 4.5%.<\/p>\n

Despite the somewhat vague outlook, investors liked the numbers. Anaplan shares were up 6.32% after the bell to be sitting at $49.62 as of 8 p.m. EST.<\/p>\n

Anaplan\u2019s quarterly results come a week after hedge fund Sachem Head Capital Management took a significant stake in the company \u2013 believed to be around 9%. According to<\/a> Reuters, the hedge fund may decide to press the company to make changes.<\/p>\n

Image: Anaplan<\/h5>\n
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