Cloud-based planning software provider Anaplan (NYSE: PLAN) recently reported its third-quarter results that outpaced market expectations for the quarter. The company announced a deep integration with AWS as it works on expanding its market presence.

Anaplan’s Financials

Revenues for the third quarter grew 35.2% to $155.3 million, ahead of the Street’s forecast of $146.09 million. Adjusted loss was $0.05 per share, compared with the Street’s forecast of a loss of $0.11 per share.

By segment, subscription revenues grew 33.1% to $139.3 million and professional services revenues grew 14.2% to $16.01 million. Its dollar-based expansion rate was 119%.

Anaplan expects fourth-quarter revenues in the range of $154-$155 million, significantly higher than the Street’s estimates of $152.36 million. For fiscal 2022, Anaplan expects revenues in the range of $583.5-$584.5 million, higher than the Street’s estimates of $572.73 million.

Anaplan’s Growth Focus

Recently, Anaplan announced a collaboration with AWS to provide customers with flexibility, choice, and the intelligence needed to solve business complexities across the entire enterprise. The new Anaplan on AWS will combine market-leading innovation with powerful planning intelligence, allowing businesses to expand their digital transformation. The collaboration will help bring Anaplan’s agile planning capabilities to be run on AWS infrastructure, thus increasing the reach of planning and providing business leaders with real-time data and agile decision-making capabilities. The solution will provide rich data intelligence using internal and external insights for improved forecast accuracy and performance and intelligent planning and foresight to adapt to future business conditions.

In addition to running the Anaplan platform on AWS infrastructure, the collaboration goes up the stack to integrate with AWS’ data sources and AI/ML services. Embedded tools, such as Anaplan PlanIQ with Amazon Forecast and Anaplan CloudWorks with AWS S3 will help drive business productivity and collaboration for faster planning and execution cycles. The AWS S3 integration through CloudWorks will help in consolidating large amounts of internal and external data and automating processes on the Anaplan platform.

It also announced the launch of Anaplan Polaris, its extension of the Anaplan Hyperblock family. Anaplan Polaris will allow businesses to leverage the Anaplan platform to effectively model, analyze, and solve global complexities that impact performance and operations. Teams in different departments and locations are able to leverage Anaplan Polaris to explore large data sets in a single, scalable environment, and then leverage the data to model and modify scenarios across all dimensions of the business, turning insights into strategic actions.

Its stock is currently trading at $47.35 with a market capitalization of $6.9 billion. It touched a 52-week high of $70.25 in August last year. The stock had fallen to a 52-week low of $39.92 in November last year.