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 $98.2 million versus the consensus estimate of $97.15 million.

Fourth Quarter Fiscal 2020 Financial Results

• Total revenue was $98.2 million, an increase of 42% year-over-year. Subscription revenue was $89.5 million, an increase of 50% year-over-year.
• GAAP operating loss was $37.6 million or 38.3% of total revenue, compared to $32.7 million in the fourth quarter of fiscal 2019 or 47.2% of total revenue. Non-GAAP operating loss was $11.0 million, or 11.2% of total revenue, compared to $15.9 million in the fourth quarter of fiscal 2019, or 22.9% of total revenue.
• GAAP loss per share was $0.27, compared to $0.27 in the fourth quarter of fiscal 2019. Non-GAAP loss per share was $0.07, compared to $0.13 in the fourth quarter of fiscal 2019.
• Cash and Cash Equivalents were $309.9 million as of January 31, 2020.

“We had an outstanding fiscal year and continue to see incredible growth opportunities with growing demand for our platform,” said Frank Calderoni, chief executive officer at Anaplan. “Our customers are looking for ways to manage and respond to the rapid pace of change and uncertainty and our platform is becoming the obvious choice for enterprise-wide planning. We continue to see a massive opportunity and continued momentum for the coming year.”

GUIDANCE:

Anaplan, Inc. sees Q1 2021 revenue of $102-103 million, versus the consensus of $102.48 million.

Anaplan, Inc. sees FY2021 revenue of $463-467 million, versus the consensus of $460.4 million.

The company is providing the following guidance for its first quarter fiscal 2021:

• Total revenue is expected to be between $102 and $103 million.
• Non-GAAP operating margin is expected to be between negative 17.5% and 18.5%.

The company is updating its previous guidance provided on November 21, 2019 for full year fiscal 2021:

• Total revenue is expected to be between $463 and $467 million (was between $455 and $460 million).
• Non-GAAP operating margin is expected to be between negative 12.5% and 13.5%.

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