Anaplan, Inc. (PLAN) delivered impressive second-quarter results with strong growth in subscription revenue and healthy momentum across the business. Shares surged 15% on the news in the extended trading session on August 31. The company reported a loss of $0.09 per share, higher than the previous year’s loss of $0.04 per share, but much better than analysts’ expected loss of $0.14 per share. Moreover, total revenue grew 35.5% year-over-year to $144.32 million and meaningfully surpassed the Street’s estimate of $133.99 million. (See Anaplan stock charts on TipRanks) Compared to the year-ago period, Anaplan’s subscription revenue grew 34.6%, and dollar-based net expansion increased 119%.
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Anaplan (NYSE:PLAN)
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Anaplan (NYSE:PLAN)
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