RTTNews | Aug 26, 2020 09:31AM EDT

09:31 Wednesday, August 26, 2020 (RTTNews.com) - Shares of Anaplan Inc. (PLAN) are climbing more than 25% Wednesday morning, after the company issued upbeat revenue guidance for the third quarter and fiscal year 2021, while reporting a narrower loss for the first quarter.

Q3, FY21 Outlook

The company sees Q3 total revenue to be in the range of $109 million - $110 million, and fiscal 2021 revenue between $437 million and $439 million. Wall Street analysts estimate revenue of $108.35 million for the third quarter, and $433.45 million for fiscal 2021.

Q2 Results

The company's Q2 net loss was $35.5 million or $0.26 per share compared to a loss of $40.6 million or $0.31 per share last year.

Non-GAAP loss per share was $0.04, compared to a loss of $0.12 in the second quarter of fiscal 2020.

Total revenue increased to $106.5 million from $84.5 million generated a year ago.

Analysts polled by Thomson Reuters expected a loss of $0.12 per share on revenue of $103.42 million for the quarter. Analysts' estimates typically exclude certain special items.

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