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Anaplan operates in a total addressable market estimated by research firm IDC to be worth $17 billion, on its way to approximately $21 billion in 2021. There could be as many as 72 million workers worldwide that are potential planning software users. There are multiple ways for the Anaplan platform to be used throughout any organization—ranging from budgeting and forecasting to modeling and pricing optimization. Planning tools can be put to work to gauge sales performance, handle departmental budgets, manage marketing spend, improve inventory management and deal with IT project budgeting.
In FQ4, revenue rose 49% to $69.3 million, topping the consensus estimate by nearly 10%. Billings of $101 million advanced 54%, showing acceleration from growth of 43% in FQ3, and that was without any business being pulled in early from Q1 of FY’20. International revenue was up 48%.
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