PLAN - Cloud Stocks: Analysis Of Anaplan's PaaS Strategy
Cloud-based planning software provider Anaplan (PLAN) recently reported strong second quarter results that beat analyst estimates. In the current crisis, Anaplan is focusing on building a more robust planning community that will help it grow in the longer run.
Anaplan's Financials
Revenues for the quarter grew 26% to $106.5 million, ahead of the Street's forecast of $103.5 million. Adjusted loss for the quarter improved to $0.04 per share, compared with the Street's forecast of a loss of $0.12 per share.
By segment, subscription revenues grew 32% to $93.8 million and professional services revenues declined 14.1%