PLAN - Anaplan Bets On AI ML And Partners To Drive Growth
It has been under a year since the cloud-based enterprise planning services provider Anaplan (PLAN) went public. The stock has almost tripled since it listed. It recently announced its first quarter results, and the stock climbed 20% post the announcement.
Anaplan's Financials
For the quarter, Anaplan's revenues grew 47% to $75.8 million, significantly ahead of the Street's forecast of $70.5 million. It ended the quarter with an operating loss of $37.1 million, compared to $25.3 million reported a year ago. On an adjusted basis, it reported a loss of $0.16 per share, compared with the