Workday Announces Fiscal 2021 First Quarter Financial Results

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Workday (WDAY) PT Raised to $190 at Oppenheimer Following 1Q

May 28, 2020 8:53 AM EDT

Oppenheimer analyst Brian Schwartz raised the price target on Workday (NASDAQ: WDAY) to $190.00 (from $165.00) while maintaining an Outperform rating following the company's 1Q earnings report. Total revenue of ~$1,018M was ~$15M above the $1,003M consensus; and PF EPS of $0.44 was $0.04 below the $0.48 consensus.

The... More

Workday (WDAY) PT Raised to $215 at Monness, Crespi, Hardt Following 1Q

May 28, 2020 8:26 AM EDT

Monness, Crespi, Hardt analyst Brian White raised the price target on Workday (NASDAQ: WDAY) to $215.00 (from $195.00) while maintaining a Buy rating following the company's 1Q earnings report. Workday reported 1Q sales of $1.018 billion that exceeded the Street at $1.002 billion, but EPS of $0.44... More

Workday (WDAY) PT Raised to $181 at Piper Sandler

May 28, 2020 8:08 AM EDT

Piper Sandler analyst Brent Bracelin raised the price target on Workday (NASDAQ: WDAY) to $181.00 (from $150.00) while maintaining a Neutral rating. Revenue increased 23% y/y, exceeding consensus by $13M with upside driven by healthy subscription growth of 25% y/y. Guidance for FY21 subscription... More

Workday (WDAY) Misses Q1 EPS by 3c, Revenues Beat; Raises FY21 Operating Margin Guidance

May 27, 2020 4:03 PM EDT

Workday (NASDAQ: WDAY) reported Q1 EPS of $0.44, $0.03 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1 billion.

First Quarter Fiscal 2021 Results

Total revenues were $1.02 billion, an increase of 23.4% from the first quarter of fiscal 2020. Subscription revenue was $882.0 million, an increase of 25.8% from the same period last year. Operating loss was $144.5 million, or negative 14.2% of revenues, compared to an operating loss of $123.4 million, or negative 15.0% of revenues, in the same period last year. Non-GAAP operating income for the first quarter was $130.5 million, or... More