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NET - Anaplan Earnings: Strong Customer Expansion Is Driving Growth
Cloudflare Inc - Class A
Anaplan (PLAN), the connected planning leader, reported financial results on Thursday, November 21, beating Wall Street expectations on both revenues and earnings by a nice margin. The news pushed the stock from $49.15 to $55.01 in overnight trading, or a 12% gain.
PLAN has impressed the market in every reported quarter since its IPO roughly a year ago, and the trend seems to continue in Q3 2020. Growth in revenue, billings and remaining performance obligations ((RPO)) performed well. Customers are expanding their use of the