Anaplan, Inc. (NYSE:PLAN) reported strong Q3 2021 results, with total revenue reaching $114.9 million, a 28% year-over-year increase. Subscription revenue grew by 31% to $104.7 million. The GAAP operating loss improved to $35.9 million (31.2% of revenue), compared to $32.5 million last year. Non-GAAP operating loss was $6.1 million, down from $8.8 million. The company raised its full-year revenue guidance to between $444 million and $445 million, indicating strong business performance and future growth potential.
Anaplan, Inc. (NYSE: PLAN) announced the appointment of Brooke Major-Reid to its Board of Directors, effective November 20, 2020. Major-Reid is currently the Corporate Treasurer at Macy's and brings over 15 years of finance experience from roles at Morgan Stanley and Cross River. Her background includes structured finance and business development. Anaplan's CEO Frank Calderoni emphasized her expertise in finance and commitment to diversity and inclusion, expecting Major-Reid to enhance the company's growth strategy and operational success.
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Google Cloud and Anaplan (NYSE: PLAN) announced a strategic partnership on Sept. 22, 2020, to deliver Anaplan's enterprise planning platform on Google Cloud. This collaboration enhances scalability, choice, and intelligence for businesses facing complex challenges. Google, a long-time Anaplan user since 2016, will now have its deployments on Google Cloud, optimizing various operations such as sales and finance. The partnership aims to improve decision-making using Google Cloud’s AI/ML capabilities, with Anaplan expected to migrate all existing use cases by summer of 2021, benefiting customers globally.