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NAS:WDAY, May 29, 10:36 UTC

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Friday, May 22


News

Top Analyst Reports for NIKE, Workday & Allstate

WDAY NKE +1 more WDAY NKE ALL

Today's Research Daily features new research reports on 16 major stocks, including NIKE (NKE), Workday (WDAY) and Allstate (ALL). The Zacks analyst believes that the use of its digital ecosystem as a key playbook to combat the COVID-19 crisis, has been receiving applause. The Zacks analyst believes that the company is likely to benefit from solid adoption of subscription and professional software solutions. Workday’s foray into the platform-as-a-service market by launching the Workday Data-as-a-Service Platform also holds promise. However, stiff competition from Oracle and SAP is likely to limit margin expansion at least in the near term.

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Saturday, March 28


News

Why Is Workday (WDAY) Down 20.4% Since Last Earnings Report?

WDAY

It has been about a month since the last earnings report for Workday (WDAY). Will the recent negative trend continue leading up to its next earnings release, or is Workday due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Moreover, companies like Prudential Company of America, the U.K.-based Natwest Group and Spain-based Banco Santander, went live with Workday’s HCM solutions during the fiscal fourth quarter.Margin HighlightsNon-GAAP expenses pertaining to Product development, Sales and marketing, and General and administrative climbed 23.9% year over year to $621.3 million. As a percentage of revenues, the figure came in at 63.6%, flat on a year-over-year basis.The company generated non-GAAP operating income of $116.6 million, up 25.8% year over year.Non-GAAP operating margin expanded 10 bps on a year-over-year basis to 11.9% on higher revenue base.Balance Sheet & Cash FlowCash, cash equivalents and marketable securities were $1.94 billion as of Jan 31, 2020, compared with $2.10 billion as of Oct 31, 2019.Workday generated operating cash flow of $297.1 million compared with prior-quarter figure of $258 million.GuidanceFor first-quarter fiscal 2021, Workday expects subscription revenues in the range of $873-$875 million (indicating year-over-year growth of 25%).

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Wednesday, March 25


News

Human Resource Management Software Market Future Prospects and Industry Opportunities by 2027 – Accenture, Automatic Data Processing, Ceridian HCM, Cezanne HR, Kronos, Oracle, Paycom Software, SAP SE, Ultimate Software, Workday – Packaging News 24

WDAY INTU +4 more WDAY INTU ORCL ADP ACN PAYX

Human Resource Management Software Market Future Prospects and Industry Opportunities by 2027 – Accenture, Automatic Data Processing, Ceridian HCM, Cezanne HR, Kronos, Oracle, Paycom Software, SAP SE, Ultimate Software, Workday. Human Resource Management Software Industry Report focuses on Market Influence Factors, Growth Drivers, Restraints, Trends and Opportunities so that Market Players can face any challenges and take advantage of Lucrative Prospects available in the Global Human Resource Management Software market. Human resource management software is used to overcome the abovementioned challenges regarding employee turnover as it automates business tasks, along with enhancing the return on investment (ROI). The software also helps the companies retain their employees, thereby assisting them in reducing employee turnover by improving employee engagement, tracking employee goals and performance, and understanding the major reasons of employees quitting their jobs.

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Wednesday, March 11


News

Hedge Funds Have Never Been This Bullish On Workday Inc (WDAY)

WDAY

The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. 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. In January, we recommended a long position in one of the most shorted stocks in the market, and that stock returned more than 50% despite the large losses in the market since our recommendation. Below, you can check out the change in hedge fund sentiment towards WDAY over the last 18 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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Monday, March 02


News

Workday's HCM Solutions to Aid Wells Fargo With HR Overhaul

WDAY

The company’s HCM solutions have recently been adopted by Wells Fargo & Company WFC in a bid to enhance HR capabilities and improve employee experience.Workday’s Adaptive Insights Business Planning Cloud, Prism Analytics, Payroll, Time Tracking and Recruiting, are other solutions, which have been selected by Wells Fargo.Wells Fargo seeks to utilize Workday’s cloud-based solutions to efficiently analyze, interpret and undertake machine learning-driven business decisions.Evolution of work practices call for an efficient HCM system with sturdy capabilities to enhance workforce productivity, manage diverse employee base, and comply with complexity in HR regulations.This is bolstering the demand for Workday’s HCM and financial management solutions, which bodes well for the company’s top line, going ahead.Expanding Clientele Holds PromiseWorkday is benefiting from robust adoption of its enterprise-level software solutions across financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support. Workday’s HCM suite of applications exhibits strong growth momentum driven by the transition of organizations to the cloud. The company added 16 Global 2000 and 11 Fortune 500 companies in the fiscal fourth quarter.Notably, organizations ranging from medium-sized businesses to Fortune 50 enterprises have opted for Workday solutions.An expanding clientele is expected to provide the company a competitive edge in the HCM market, which per research firm MarketsandMarkets, is anticipated to hit $26.5 billion by 2024 from $16.7 billion in 2019 at a CAGR of 9.7%.Moreover, Gartner predicts spending on enterprise software to hit $560 billion in 2021, indicating year-over-year growth of 10.5% over $507 billion estimated in 2020.Workday is leaving no stone unturned to capitalize on the aforementioned growth opportunities, by strengthening portfolio with product enhancements and acquisitions.

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Friday, February 28


News

Workday (WDAY) Earnings & Revenues Surpass Estimates in Q4

WDAY

The top line outpaced the Zacks Consensus Estimate for revenues by 1.1%. Workday, Inc. price-consensus-eps-surprise-chart | Workday, Inc. Quote. Moreover, companies like Prudential Company of America, the U.K.-based Natwest Group and Spain-based Banco Santander, went live with Workday’s HCM solutions during the fiscal fourth quarter.Margin HighlightsNon-GAAP expenses pertaining to Product development, Sales and marketing, and General and administrative climbed 23.9% year over year to $621.3 million. As a percentage of revenues, the figure came in at 63.6%, flat on a year-over-year basis.The company generated non-GAAP operating income of $116.6 million, up 25.8% year over year.Non-GAAP operating margin expanded 10 bps on a year-over-year basis to 11.9% on higher revenue base.Balance Sheet & Cash FlowCash, cash equivalents and marketable securities were $1.94 billion as of Jan 31, 2020, compared with $2.10 billion as of Oct 31, 2019.Workday generated operating cash flow of $297.1 million compared with prior-quarter figure of $258 million.As of Jan 31, 2020, total unearned revenues (including non-current portion) were $2.31 billion, up 18.5% from the year-ago quarter.Fiscal 2020 at a GlanceIn fiscal 2020, the company reported revenues of $3.63 billion, up 28.5% from fiscal 2019. The guidance takes dilution of 150 bps margin from acquisition of Scout RFP, into account.Over the long-term, Workday is committed to achieve non-GAAP operating margin of more than 25%.Zacks Rank & Stocks to ConsiderWorkday currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader technology sector are Dropbox, Inc. DBX, Microchip Technology Incorporated MCHP and Garmin Ltd. GRMN, each sporting a Zacks Rank #1 (Strong Buy).

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News

Workday Inc (WDAY) Q4 2020 Earnings Call Transcript

WDAY

Our success continues to be driven by the relentless dedication of our workmates and by our forward-thinking customers who expect more from their enterprise applications and who continue to choose Workday as their partner for their finance and HR cloud transformations. In total we added 11 new Fortune 500 customers almost equaling our best-ever quarter and now have 45% of the Fortune 500 as HCM customers including 60% of the Fortune 50. At our Analyst Day last October we provided incremental disclosure around our HCM and FINS plus businesses. As we look into fiscal '21 our current full year guidance assumes high-teens HCM subscription revenue growth and low-40% growth in our FINS plus business. There's definitely a ton of potential. And as we've gotten smarter about the spend management market and in particular with Scout RFP and first of all they had a great first quarter as part of Workday really a great team. But the dollars that flow through sourcing are just massive. Even out of Workday the amount of money that goes through the procurement organization is huge. And I do think there's a chance to build a differentiated solution.

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Thursday, February 27


News

Preview: Workday's Q4 Earnings

WDAY BIDU

Workday (NYSE: WDAY) announces its next round of earnings this Thursday, February 27. Based on Workday management projections, analysts predict EPS of 40 cents on revenue of $964.54 million. Workday EPS in the same period a year ago totaled 41 cents. The Wall Street consensus estimate for earnings would represent a 2.44% decrease for the company.

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News

Preview: Workday's Q4 Earnings

WDAY

Workday (NYSE: WDAY) announces its next round of earnings this Thursday, February 27. Based on Workday management projections, analysts predict EPS of 40 cents on revenue of $964.54 million. Workday EPS in the same period a year ago totaled 41 cents. The Wall Street consensus estimate for earnings would represent a 2.44% decrease for the company.

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Thursday, February 06


News

Workday Announces Date of Fiscal 2020 Fourth Quarter and Full Year Financial Results Nasdaq:WDAY

WDAY

Workday Announces Date of Fiscal 2020 Fourth Quarter and Full Year Financial Results. February 06, 2020 08:30 ET | Source:Workday, Inc. PLEASANTON, Calif., Feb. 06, 2020 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, plans to announce its fiscal 2020 fourth quarter and full year financial results after market close on Thursday, Feb. 27, 2020. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to review its financial results and business outlook. Founded in 2005, Workday delivers financial management, human capital management, planning, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday.

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