UPDATE: Anaplan, Inc. (PLAN) Misses Q1 EPS by 1c, Revenues Beat; Raises FY22 Revenue Guidance Above Consensus, Affirms 2Q Revs. View Above Consensus

Anaplan, Inc. (NYSE: PLAN) reported Q1 EPS of ($0.10), $0.01 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $129.83 million versus the consensus estimate of $127.09 million.

First Quarter Fiscal 2022 Financial Results

• Total revenue was $129.8 million, an increase of 25% year-over-year. Subscription revenue was $118.3 million, an increase of 26% year-over-year.
• GAAP operating loss was $49.6 million or 38.2% of total revenue, compared to $38.8 million in the first quarter of fiscal 2021 or 37.3% of total revenue. Non-GAAP operating loss was $12.4 million or 9.6% of total revenue, compared to $13.4 million in the first quarter of fiscal 2021 or 12.9% of total revenue.
• GAAP loss per share was $0.36, compared to $0.29 in the first quarter of fiscal 2021. Non-GAAP loss per share was $0.10, flat compared to the first quarter of fiscal 2021.
• Cash and Cash Equivalents were $327.5 million as of April 30, 2021.

“We started our fiscal year with a solid first quarter as we are seeing the need for enterprise-wide planning increase globally,” said Frank Calderoni, chief executive officer of Anaplan. “Our results continue to build on our market leadership and the growing interest in digitizing planning across all functions.”

GUIDANCE:

Anaplan, Inc. sees Q2 2022 revenue of $133.5-134.5 million, versus the consensus of $132.43 million.

Anaplan, Inc. sees FY2022 revenue of $555-560 million, versus the consensus of $553.75 million.

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

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