Workday (WDAY) Tops Q1 EPS by 7c; Guides Q2 Revs Modestly Above the Street

Workday (NYSE: WDAY) reported Q1 EPS of $0.05, $0.07 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $345.4 million versus the consensus estimate of $338.68 million.

"We delivered great results and growth across all of our products in the first quarter," said Aneel Bhusri, co-founder and CEO, Workday. "We continue to see increased customer adoption of Workday Financial Management as well as strong demand in EMEA and APJ as more organizations take finance and HR to the cloud. We are on track to deliver innovative new products -- Workday Planning, Workday Learning, and Workday Student -- later this year, which we believe will accelerate our momentum based on extremely positive customer feedback and interest."

"We started fiscal 2017 with strong first quarter results," said Robynne Sisco, chief financial officer, Workday. "We generated record quarterly revenues as well as strong billings growth and trailing twelve month operating cash flows. Looking ahead, we anticipate second quarter total revenues to be within a range of $371 to $373 million or growth of 31% to 32% as compared to the prior year."

*** the Q2 revenue consensus is $370.88 million.

For earnings history and earnings-related data on Workday (WDAY) click here.

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