FMP

FMP

Anaplan Shares Rose 8% on Q4 Results & Raised Guidance

Anaplan, Inc. (NYSE:PLAN) shares were trading 8% higher Thursday afternoon following the company’s reported strong Q4 results, with revenue of $162.7 million coming in better than the consensus estimate of $154.71 million. EPS of ($0.11) was in-line with the consensus estimate. The company benefited from a higher number of larger deals and strong net-new logos and customer expansion metrics. Billings grew 28% year-over-year.

The company expects Q1/23 revenue in the range of $164.5-165.5 million, above the consensus estimate of $163.6 million. For the full 2023-year, revenue is expected to be $745 million, compared to the consensus estimate of $729.65 million.