Breaking Stories

Earnings Results: Workday beats estimates as subscriptions rise

18237500 - businessman hand pointing to investment as concept

Workday Inc. on Wednesday attributed its first-quarter results to an improving market as companies prepare their businesses for a “post-pandemic world.”


shares fell as much as 1.8% after hours, after rising 0.2% in the regular session to close at $237.07. 

The enterprise cloud-software company reported a net loss of $46.5 million, or 19 cents a share, compared with a loss of $158.4 million, or 68 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation and other costs, were 87 cents a share.

Revenue rose to $1.18 billion from $1 billion in the year-ago quarter, with the company saying subscription sales rose 17% year over year to $1.03 billion.

Analysts surveyed by FactSet had forecast earnings of 73 cents a share on revenue of $1.16 billion.

Pleasanton, Calif.-based Workday said it expects second-quarter subscription revenue to grow 18% to between $1.095 billion and $1.097 billion, while analysts had expected $1.081 billion. The company also raised its fiscal 2022 guidance for subscription revenue to between $4.425 billion and $4.440 billion, while analysts had expected $4.407 billion.

Workday shares have fallen more than 1% year to date, and 3.3% in the past three months, while the S&P 500 Index

has increased 11.5% so far this year and more than 9% in the past three months.

: Virgin Galactic ‘leader’ of a future billion-dollar space-tourism market

Previous article

Earnings Results: Nvidia sales hit records again amid chip shortage, and earnings outlook suggests more to come

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *