Workday, Inc. (NASDAQ: WDAY) raised its revenue in Q4

Workday, Inc. (NASDAQ: WDAY) below -0.06% and ended at $-0.12. The stock’s market capitalization arrived at $43.456B and total traded volume was 858,194 shares. The stock has a 52-week highest price of $200.00 and its 52-week lowest price was called at $117.24. During last trade, its maximum trading price was registered $197.25 and it’s the minimum trading price was noted $193.83.

Workday, Inc. (NASDAQ: WDAY), recently reported results for the fourth quarter and full fiscal year ended January 31, 2019.

Fiscal Fourth Quarter Results

  • Total revenues were $788.6M, a raise of 35.4% from the fourth quarter of fiscal 2018. Subscription revenues were $673.5M, a raise of 37.5% from the same period last year.
  • Operating loss was $120.3M, or negative 15.3% of revenues, contrast to an operating loss of $81.3M, or negative 14.0% of revenues, in the same period last year. Non-GAAP operating income for the fourth quarter was $92.7M, or 11.8% of revenues, contrast to a non-GAAP operating income of $55.5M, or 9.5% of revenues, in the same period last year.1
  • Net loss per basic and diluted share was $0.47, contrast to a net loss per basic and diluted share of $0.42 in the fourth quarter of fiscal 2018. Non-GAAP net income per diluted share was $0.41, contrast to a non-GAAP net income per diluted share of $0.28 in the same period last year.2

Fiscal Year 2019 Results

  • Total revenues were $2.82B, a raise of 31.7% from fiscal 2018. Subscription revenues were $2.39B, a raise of 33.4% from the previous year.
  • Operating loss was $463.3M, or negative 16.4% of revenues, contrast to an operating loss of $303.2M, or negative 14.1% of revenues, in fiscal 2018.
  • Net loss per basic and diluted share was $1.93, contrast to a net loss per basic and diluted share of $1.55 in fiscal 2018. Non-GAAP net income per diluted share was $1.36, contrast to a non-GAAP net income per diluted share of $1.03 last year.2
  • Operating cash flows were $606.7M.
  • Cash, cash equivalents, and marketable securities were $1.78B as of January 31, 2019. Unearned revenues were $1.95B, a 26.8% increase from the same period last year.

Comments on the News

“They were happy to close four quarter with strong movement across our key subscription revenue generators, while delivering solid operation margins and record cash flows,” stated Robynne Sisco, co-president and chief financial officer, Workday. “As we enter fiscal 2020, we are raising our outlook and now expect subscription revenue of $3.03 to $3.045B, representing year-over-year growth of about 27% to 28%.”

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