PLAN - Anaplan: The Plan Remains On Track More Growth To Come
Since reporting Q2 earnings in late August, Anaplan (PLAN) has traded down nearly 20%. While the results themselves were quite impressive and showed some areas of acceleration and raised guidance, it seems like investors expected just a little bit more from this fast growth company.
Revenue during the quarter grew 46% to $84.5 million and was well ahead of consensus expectations for 35% growth to ~$78 million. Subscription revenue continues to remain impressive at 48% growth and showed nearly 3% acceleration from last quarter. Management also raised guidance for the year, including better