Anaplan Reports $240.6 Million in Annual Revenue

SAN FRANCISCO — Anaplan Inc. (NYSE:PLAN), a pioneer in Connected Planning, announced financial results for its fourth quarter and full fiscal year ended January 31, 2019.

“We are proud of our achievements both in our fourth quarter and the full fiscal year. We are experiencing incredible momentum and continue to be the leader in Connected Planning,” said Frank Calderoni, chief executive officer at Anaplan. “We see our customers transform their businesses with better decision making, and they see impressive results that our platform provides across their entire enterprise. This is just the beginning, and we know there is so much more opportunity ahead in this next fiscal year.”

Fourth Quarter Fiscal 2019 Financial Results

  • Total revenue was $69.3 million, an increase of 49% year-over-year. Subscription revenue was $59.7 million, an increase of 44% year-over-year.
  • GAAP operating loss was $32.7 million or 47.2% of total revenue, compared to $19.8 million in the fourth quarter of fiscal 2018 or 42.7% of total revenue. Non-GAAP operating loss was $15.9 million, or 22.9% of total revenue, compared to $16.4 million in the fourth quarter of fiscal 2018, or 35.4% of total revenue.
  • GAAP loss per share was $0.27, compared to $0.97 in the fourth quarter of fiscal 2018. Non-GAAP loss per share was $0.13, compared to $0.18 in the fourth quarter of fiscal 2018.
  • Cash and Cash Equivalents were $326.9 million as of January 31, 2019.

Full Year Fiscal 2019 Financial Results

  • Total revenue was $240.6 million, an increase of 43% year-over-year. Subscription revenue was $208.6 million, an increase of 45% year-over-year.
  • GAAP operating loss was $128.3 million or 53.3% of total revenue, compared to $45.9 million in fiscal 2018 or 27.3% of total revenue. Non-GAAP operating loss was $74.4 million, or 30.9% of total revenue, compared to $37.1 million in fiscal 2018, or 22.0% of total revenue.
  • GAAP loss per share was $2.46, compared to $2.51 in fiscal 2018. Non-GAAP loss per share was $0.73, compared to $0.44 in fiscal 2018.

Financial Outlook

The Company is providing the following guidance for its first quarter fiscal 2020 and its full year fiscal 2020.

  • First Quarter Fiscal 2020: Total revenue is expected to be between $70 and $71 million and non-GAAP operating margin is expected to be between negative 34.5% to 35.5%.
  • Full Year Fiscal 2020: Total revenue is expected to be between $310 to $314 million and non-GAAP operating margin is expected to be between negative 26% to 27%.