Anaplan, Inc. (PLAN) Tops Q4 EPS by 3c, Revenues Beat; Offers 1Q Revenue Guidance Above Consensus, Provides FY21 Revenue Outlook

February 25, 2021 7:37 AM EST
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Anaplan, Inc. (NYSE: PLAN) reported Q4 EPS of ($0.07), $0.03 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $122.5 million versus the consensus estimate of $119.18 million.

Fourth Quarter Fiscal 2021 Financial Results

  • Total revenue was $122.5 million, an increase of 25% year-over-year. Subscription revenue was $112.6 million, an increase of 26% year-over-year.
  • GAAP operating loss was $41.5 million or 33.8% of total revenue, compared to $37.6 million in the fourth quarter of fiscal 2020 or 38.3% of total revenue. Non-GAAP operating loss was $9.4 million, or 7.7% of total revenue, compared to $11.0 million in the fourth quarter of fiscal 2020, or 11.2% of total revenue.
  • GAAP loss per share was $0.29, compared to $0.27 in the fourth quarter of fiscal 2020. Non-GAAP loss per share was $0.07 in the fourth quarter of fiscal 2021 and fiscal 2020.
  • Cash and Cash Equivalents were $321.0 million as of January 31, 2021.

“We delivered solid execution in FY21 with steady new customer growth this quarter,” said Frank Calderoni, chief executive officer of Anaplan. “We are seeing a rising demand for rapid scenario-based planning as our customers are looking for the best way to plan for an uncertain and unpredictable future.”

GUIDANCE:

Anaplan, Inc. sees Q1 2022 revenue of $126.5-127.5 million, versus the consensus of $119.18 million.

Anaplan, Inc. sees FY2022 revenue of $550-555 million, versus the consensus of $554.82 million.

The company is providing the following guidance for its first quarter fiscal 2022:

  • Total revenue is expected to be between $126.5 and $127.5 million.
  • Non-GAAP operating margin is expected to be between negative 9.5% and 10.5%.
  • As a baseline for first quarter, we expect billings to be in the range of $122 million to $124 million.

The company is updating its previous guidance provided on November 24, 2020 for its full year fiscal 2022:

  • Total revenue is expected to be between $550 and $555 million (was approximately $550 million).
  • Non-GAAP operating margin is expected to be between negative 8.0% and 9.0%.

The guidance provided above are forward-looking statements and actual results may differ materially. Refer to the “Forward-Looking Statements” safe harbor section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

For earnings history and earnings-related data on Anaplan, Inc. (PLAN) click here.



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