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Anaplan Announces First Quarter
Fiscal Year 2020 Financial Results
First Quarter Subscription Revenue grew 45% year-over-year
Dollar-Based Net Expansion Rate of 123%
SAN FRANCISCO, May 28, 2019 Anaplan, Inc. (NYSE:PLAN), a pioneer in Connected Planning, today announced financial results for its first quarter ended April 30, 2019.
We are very pleased to start our fiscal year with strong first quarter results. This is an indication of our continued success with our Connected Planning solution, said Frank Calderoni, chief executive officer at Anaplan. Our customers are consistently impressed with the value they receive from the results of deploying Anaplan across their enterprise. We are excited many of them will be showcasing these results at our global Connected Planning Xperience in San Francisco in June.
First Quarter Fiscal 2020 Financial Results
Total revenue was $75.8 million, an increase of 47% year-over-year. Subscription revenue was $65.1 million, an increase of 45% year-over-year.
GAAP operating loss was $37.1 million or 48.9% of total revenue, compared to $25.3 million in the first quarter of fiscal 2019 or 49.1% of total revenue. Non-GAAP operating loss was $20.1 million, or 26.5% of total revenue, compared to $23.3 million in the first quarter of fiscal 2019, or 45.2% of total revenue.
GAAP loss per share was $0.30, compared to $1.21 in the first quarter of fiscal 2019. Non-GAAP loss per share was $0.16, compared to $0.25 in the first quarter of fiscal 2019.
Cash and Cash Equivalents were $332.7 million as of April 30, 2019.
The Company is providing the following guidance for its second quarter fiscal 2020:
Total revenue is expected to be between $77.5 and $78.5 million.
Non-GAAP operating margin is expected to be between negative 25.5% and 26.5%.
The Company is updating its previous guidance provided on February 25, 2019 for full year fiscal 2020:
Total revenue is now expected to be between $326 and $331 million (was between $310 and $314 million).
Non-GAAP operating margin is now expected to be between negative 22.5% and 23.5% (was between negative 26% and 27%).
The following information was filed by Anaplan, Inc. (PLAN) on Tuesday, May 28, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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