|Bid||178.67 x 1200|
|Ask||178.95 x 800|
|Day's Range||171.30 - 181.50|
|52 Week Range||107.75 - 226.83|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug. 27, 2020 - Aug. 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||185.45|
The enterprise software stock climbed despite an earnings miss and weakened bullish sentiment among analysts.
Workday's (WDAY) expanding partner base is expected to aid it acquire more customers and expand its presence in the HCM market.
Shares of Workday (NASDAQ: WDAY) have popped today, closing out the session with gains of 7% after the company reported fiscal first-quarter earnings yesterday. Subscription revenue was $882 million, and the cloud-based human resources platform now has a subscription revenue backlog of $8.2 billion. "The cloud is playing a critical role in today's climate, with organizations leaning on Workday to pivot -- whether it's helping employees learn virtually, closing books remotely, or scenario planning to determine what path to take," CEO Aneel Bhusri said in a statement.
The stock market continued to gain ground at midday on Thursday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) participated in the modest rally. Slightly before noon EDT, the index was up just over half a percent, as was the Nasdaq 100 Index of top stocks on the exchange. Workday (NASDAQ: WDAY) and Alexion Pharmaceuticals (NASDAQ: ALXN) rose for different reasons, but their gains were among the leaders in the Nasdaq 100 and showed the broad-based support that the rally has had recently.
Workday (WDAY) fiscal first-quarter results benefit from high demand for its cloud-based HCM and financial management solutions and synergies from Scout RFP acquisition.
Workday (WDAY) delivered earnings and revenue surprises of -6.38% and 1.67%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Workday Inc. reported quarterly revenue that topped $1 billion for the first time, beating analyst estimates and continuing growth for the maker of human resources software despite the economic challenges of the pandemic. Shares rose more than 7% in extended trading.Revenue increased 23% to $1.02 billion in the fiscal first quarter, the Pleasanton, California-based company said Wednesday in a statement. On average, analysts expected $994 million, according to data compiled by Bloomberg. After some expenses, profit was 44 cents a share, compared with analyst projections of 47 cents.Workday expects subscription revenue for the fiscal year of $3.67 billion to $3.69 billion, down from as much as $3.77 billion. In the second quarter, subscription revenue will be as much as $915 million, the company said.Chief Executive Officer Aneel Bhusri has targeted a goal of $10 billion in annual revenue, from $3.6 billion the past fiscal year. The company continues to expand its human resources, accounting and planning software to offer the capabilities of established rivals Oracle Corp. and SAP SE, but delivered through the cloud. Before Workday reported results, some analysts were concerned that corporate customers aren’t interested in pursuing large software deals and complicated implementations during the Covid-19 pandemic.“The cloud is playing a critical role in today’s climate, with organizations leaning on Workday to pivot -- whether it’s helping employees learn virtually, closing books remotely, or scenario planning to determine what path to take,” Bhusri said in the statement.Workday also announced two partnerships Wednesday. One, with Microsoft Corp., will run Workday’s Adaptive Planning on the Azure cloud. Microsoft’s finance team will start using the product for its internal needs and both companies will collaborate on integrating their software products for mutual customers. The second partnership, with Salesforce.com Inc., aims to help organizations safely return to their offices in the wake of the Covid-19 pandemic.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
On Wednesday, Workday reported first-quarter results that topped estimates amid lowered expectations from the coronavirus lockdown. Total revenues came in at $1.02 billion, an increase of 23.4% from the first quarter of fiscal 2020. Yahoo Finance’s Myles Udland breaks down the company’s earnings report.
Workday (WDAY), a leader in enterprise cloud applications for finance and human resources, today announced plans to further integrate Workday and Salesforce to enable joint customers to forge ahead in their plans to safely return to work. The companies will offer integrated solutions between Workday, the source of truth for real-time worker information and skills insights for today’s dynamic workforce, and Salesforce’s Work.com, an all-new suite of applications and advisory resources to help business and community leaders around the world reopen safely.
Microsoft (MSFT) and Workday Inc. (WDAY) today announced a strategic partnership prioritizing enterprise planning in the cloud and expanding the business solutions customers can use to better optimize their everyday work. Through this partnership, Workday customers will also be able to run Workday Adaptive Planning on the Microsoft Azure cloud.
First Quarter Total Revenues of $1.02 Billion, Up 23.4% Year Over YearSubscription Revenue of $882.0 Million, Up 25.8% Year Over YearSubscription Revenue Backlog of $8.19.
NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Workday, Inc. (NASDAQ:WDAY) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 27, 2020 at 4:30 PM Eastern ...
PLEASANTON, Calif., May 26, 2020 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it will have.
This week is a shortened trading week with major markets closed Monday in observance of the Memorial Day holiday. Investor focus will remain on the coronavirus and its impact on the U.S. economy as most states across the country continued their phased reopening plans.
Workday's (WDAY) fiscal first-quarter performance is likely to reflect high demand for its cloud-based HCM and financial management solutions.
Workday (WDAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Workday (WDAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
PLEASANTON, Calif., May 18, 2020 -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that it has moved.