Anaplan Inc (NYSE: PLAN) stock rose over 15.1% on 28th May, 2019 (as of 11:51 am GMT-4; Source: Google finance) as the company posted better than expected results for the first quarter of FY 20. PLAN has posted the GAAP operating loss of $37.1 million, which reflects 48.9% of total revenue, compared to $25.3 million in the first quarter of fiscal 2019 or that reflects 49.1% of total revenue. The company has reported the Non-GAAP operating loss of $20.1 million, which means it forms 26.5% of total revenue, compared to $23.3 million in the first quarter of fiscal 2019, or 45.2% of total revenue. As of April 30, 2019, the company had generated the Cash and Cash Equivalents of $332.7 million.
PLAN in the first quarter of FY 20 has reported the adjusted loss per share of 16 cents, beating the analysts’ estimates for the adjusted loss per share of 21 cents. The company had reported the adjusted revenue growth of 47 percent to $75.8 million in the first quarter of FY 20, beating the analysts’ estimates for revenue of $70.5 million.
For the second quarter fiscal 2020, the total revenue is expected to be between $77.5 and $78.5 million. Non-GAAP operating margin is expected to be between negative 25.5% and 26.5%.
The company has updated its previous guidance provided on February 25, 2019 for full year fiscal 2020. The total revenue is now expected to be between $326 and $331 million, which was previously projected to be between $310 and $314 million. Non-GAAP operating margin is now expected to be between negative 22.5% and 23.5%, which was projected to be between negative 26% and 27%.
Additionally, Anaplan has been positioned as a Leader in 2019 Gartner Magic Quadrant for Sales and Operations Planning Systems of Differentiation. The company believes the recognition in the Leaders quadrant is due to its high customer satisfaction and the impressive capabilities of its supply chain solution MUFG Investor Services have announced their choice to use Anaplan for clients’ real-time planning processes. Anaplan has announced CPX 2019 (Connected Planning Xperience) in San Francisco. The company is expecting to welcome over 2000 attendees from around the world June 10-12. Overall, the customers across industries around the world, including Circle K, Flinn Scientific, Healthy Generation, and Sonos, are using the Anaplan platform to bring a Connected Planning approach for the transformation of their supply chain business planning processes.