By Dhirendra Tripathi

Investing.com – Anaplan stock (NYSE:PLAN) climbed 17% in Wednesday’s premarket trading as the company raised its guidance one more time on high demand for its solutions.

The revised guidance followed its second-quarter numbers that topped estimates even though the company’s losses widened.

The Cloud-based software provider now expects total annual revenue between $571.5 million and $573.5 million, up 28% at the top end of the range, and following a 29% rise in 2021 annual revenue.

That's about 1% higher than its original forecast for 2021.

Total revenue in the second quarter jumped 35% to $144.3 million and topped analysts’ estimates. Net loss per share more than doubled but was narrower than expectations.

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