{"id":18317,"date":"2022-03-03T05:45:11","date_gmt":"2022-03-03T05:45:11","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings\/"},"modified":"2022-03-03T05:45:11","modified_gmt":"2022-03-03T05:45:11","slug":"shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/shares-in-business-planning-software-company-anaplan-rise-on-strong-earnings\/","title":{"rendered":"Shares in business planning software company Anaplan rise on strong earnings"},"content":{"rendered":"

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Shares in Anaplan Inc. rose in late trading today after the business planning software company reported better-than-expected earnings.<\/p>\n

For the quarter ended Jan. 31, Anaplan reported a loss before certain costs of $10.6 million, or 11 cents per share, up from a loss of $9.4 million, or seven cents per share, in the same quarter last year. Revenue rose almost 33% from a year ago, to $162.7 million.<\/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.<\/p>\n

The company also partnered with PR Metrodata Electronics 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 an adjusted loss of $40.8 million, or $1.39 per share, on revenue of $592.2 million, up 32% 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 predicts revenue of between $164.5 million and $165.5 million in its fiscal 2023 first quarter. The company did not provide a traditional adjusted earnings figure, instead saying that its adjusted operating margin is expected to be between negative 6.5% and 7.5%. For the full fiscal year 2023, Anaplan predicts revenue of about $745 million, up from a previous estimate of $730 million, with an adjusted operating margin of 3.5% to 4.5%.<\/p>\n

Investors liked the numbers. Anaplan shares rose more than 6% after the bell.<\/p>\n

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

Image: Anaplan<\/h5>\n
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