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NAS:WDAY, Dec 09, 09:28 UTC

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Wednesday, December 04


News

Wall Street Weighs In On Workday's Q3 Earnings

WDAY

Workday Inc (NASDAQ: WDAY) shares dropped 4.8% on Wednesday after the company reported third-quarter earnings and revenue beats and raised its full-year subscription revenue guidance. Workday reported $798.5 million in total revenue, up 28% from a year ago and slightly ahead of consensus analyst forecasts. Workday guided for fiscal 2021 subscription revenue growth of 21% and operating margins of 14%, well short of Wall Street expectations of 24% and 15.5%, respectively. Mizuho analyst Siti Panigrahi said he is still bullish on Workday’s growth and margin expansion opportunities despite its weak 2021 guidance.

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  • Financial
News

Workday (WDAY) Earnings & Revenues Surpass Estimates in Q3

WDAY

Workday Inc. WDAY reported third-quarter fiscal 2020 non-GAAP earnings of 53 cents per share, which soared approximately 71% year over year and beat the Zacks Consensus Estimate by 39.5%.Robust growth can primarily be attributed to an improvement of 26.2% in revenues, which totaled $938.1 million. The figure outpaced the Zacks Consensus Estimate for revenues by 1.9%. Management is optimistic regarding the growing clout of Workday Financial Management, Business Planning Cloud, and Workday Prism Analytics offerings.Backlogs from Subscription revenues came in at $7.19 billion, up 21.8% year over year, primarily on the back of growth in net new bookings and “add-on business and net retention.”Professional services revenues (14.9% of total revenues) grew 17.5% from the year-ago quarter’s tally to $139.6 million and surpassed management’s guidance of $135 million.Revenues outside the United States improved 38% to $234 million and contributed 25% to total revenues.The company witnessed rapid deployment of HCM solution in the fiscal third quarter. Moreover, companies like the Dow Chemical Company, Glencore National AG, and Telstra Corporation, went live with Workday’s solutions during the fiscal third quarter.

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Tuesday, December 03


News

Workday third-quarter profit, revenue beat; shares rise - CNA

WDAY

04 Dec 2019 05:20AM(Updated: 04 Dec 2019 05:45AM). REUTERS: Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software. While players like Amazon.com Inc's Amazon Web Services and Microsoft Corp's Azure still dominate the broader cloud market, Workday's core Human Capital Management Software (HCM) benefited from enterprises transitioning to the cloud for managing their payroll and human resources. Subscription services revenue, which accounts for over 85per cent of Workday's total revenue, jumped nearly 28per cent to US$798.5 million, beating analysts' average estimates of US$785.01 million, according to IBES data from Refinitiv. The company raised its full year forecast for subscription revenue to between US$3.085 billion and US$3.087 billion from a range of US$3.06 billion to US$3.07 billion, above analysts' estimates of US$3.07 billion.

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News

REFILE-UPDATE 1-Workday third-quarter profit, revenue beat; shares rise

WDAY TRI

Dec 3 (Reuters) - Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management software. Shares of the company rose over 3% to $180 in trading after the bell. While players like Amazon.com Inc's Amazon Web Services and Microsoft Corp's Azure still dominate the broader cloud market, Workday's core Human Capital Management Software (HCM) benefited from enterprises transitioning to the cloud for managing their payroll and human resources. Subscription services revenue, which accounts for over 85% of Workday's total revenue, jumped nearly 28% to $798.5 million, beating analysts' average estimates of $785.01 million, according to IBES data from Refinitiv. The company raised its full year forecast for subscription revenue to between $3.085 billion and $3.087 billion from a range of $3.06 billion to $3.07 billion, above analysts' estimates of $3.07 billion.

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News

Workday Reports Strong Q3 Earnings Beat, Revenue Growth

WDAY

Workday Inc (NASDAQ: WDAY) shares are moving higher after reporting a solid third-quarter earnings beat. Earnings came in at 53 cents per share, beating estimates by 16 cents. Sales came in at $938.1 million, beating estimates by $17.32 million. "Companies of all sizes and industries continue to select Workday, and we're thrilled that as of the end of Q3, we have more than 3,000 customers and 42 million users," said Aneel Bhusri, co-founder and CEO, Workday.

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News

Workday Reports Strong Q3 Earnings Beat, Revenue Growth

WDAY

Workday Inc (NASDAQ:WDAY) shares are moving higher after reporting a solid third-quarter earnings beat. Earnings came in at 53 cents per share, beating estimates by 16 cents. Sales came in at $938.1 million, beating estimates by $17.32 million. "Companies of all sizes and industries continue to select Workday, and we're thrilled that as of the end of Q3, we have more than 3,000 customers and 42 million users," said Aneel Bhusri, co-founder and CEO, Workday.

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Saturday, November 30


News

Workday Inc (WDAY): Hedge Fund Enthusiasm Subsiding

WDAY

Of course, they may also make wrong bets in some instances, but no one knows what the future holds and how market participants will react to the bountiful news that floods in each day. Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the Russell 2000 ETFs by 40 percentage points since May 2014 (see the details here). Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns.

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Thursday, November 28


News

Bank of America Reiterates Buy Rating for Workday (NASDAQ:WDAY)

WDAY BAC

Finally, Citigroup raised Workday from a sell rating to a neutral rating and lifted their target price for the company from $138.00 to $192.00 in a research note on Friday, August 30th. Shares of WDAY stock traded up $1.69 during trading hours on Wednesday, reaching $179.68. In other news, Director David A. Duffield sold 300,785 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. San Francisco Sentry Investment Group CA now owns 191 shares of the software maker’s stock valued at $33,000 after acquiring an additional 156 shares during the period. North Star Investment Management Corp. purchased a new position in Workday during the 3rd quarter valued at $34,000.

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Wednesday, November 20


News

Barclays Analysts Give Workday (NASDAQ:WDAY) a $175.00 Price Target – Mitchell Messenger

BARC WDAY

KeyCorp set a $235.00 target price on Workday and gave the stock a buy rating in a research note on Thursday, August 29th. Northland Securities set a $225.00 target price on Workday and gave the stock a hold rating in a research note on Friday, August 30th. The company’s stock had a trading volume of 1,948,500 shares, compared to its average volume of 1,868,675. In other news, CFO Robynne Sisco sold 10,238 shares of the company’s stock in a transaction dated Tuesday, October 15th. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.

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Sunday, November 17


News

iTWire - Workday Upends Legacy Technology With Innovations for the Changing World of Finance

WDAY

Data and Machine Learning Innovations Enable Greater Operational Efficiencies and Faster, More Strategic Decision-Making to Help Boost Business Agility. SPONSORED NEWS: PLEASANTON, Calif. and ORLANDO, Fla. – Oct. 15, 2019 – Workday Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today unveiled new advancements across Workday Financial Management and the Adaptive Insights Business Planning Cloud to help enterprise customers better navigate the changing world of finance. Leveraging the Power of One—one source for data, one security model, one user experience, and one community—Workday is uniquely suited to deliver solutions to help enterprise customers streamline financial processes and make faster, data-driven decisions. Workday Accounting Center, a new application built on Workday Prism Analytics, will extend the power of Workday Financial Management to give users greater ability to manage operational data from multiple sources with a single point of control across the enterprise. For example, with Workday Accounting Center, an insurance company will be able to load its operational transactions—such as claims or policy data—into the system, create accounting (journal) entries for those transactions, and then report and analyze on those transactions with full data lineage.

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