PLAN - Anaplan shares fall after wider than expected Q1 loss CFO transition

Anaplan (PLAN) shares slide 12.3% pre-market after reporting a slightly wider than expected Q1 loss and plans for its CFO to step down.For Q1, sales were up 24% on the year to $129.8M. Adjusted loss per share of $0.10 was one cent worse than analysts expected.Subscription revenue was up 26% Y/Y to $118.3M.Remaining Performance Obligation was up 29% to $832.3M.CFO transition: David Morton will step down later this year to spend more time with his family. Anaplan is currently searching for a replacement and Morton will stay in his role until that replacement is hired.For Q2, the company expects $133.5-134.5M in revenue (consensus: $132.44M) and adjusted operating margin of -14% to -15% compared to the -9% consensus.Anaplan raises its full-year revenue guidance from $550-555M to $555-560M versus the $553.79M consensus.Earnings press release.

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Anaplan shares fall after wider than expected Q1 loss, CFO transition