Workday (WDAY) Tops Q1 EPS by 7c
Workday (NASDAQ: WDAY) reported Q1 EPS of $0.33, $0.07 better than the analyst estimate of $0.26. Revenue for the quarter came in at $618.6 million versus the consensus estimate of $608.78 million.
“We are very pleased with our first quarter results, delivering strong growth and record non-GAAP operating income and operating cash flow,” said Robynne Sisco, co-president and chief financial officer, Workday. “Based on our strong first quarter results, we are raising our fiscal 2019 outlook and are now expecting subscription revenue of $2.275 to $2.290 billion, growth of 27% to 28%. We expect our second quarter subscription revenue to be between $557 and $559 million, growth of 28% to 29%. Our focus remains centered on investing in product innovation to drive strong, sustainable growth.”
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