Workiva Inc. Announces First Quarter 2021 Financial Results
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Workiva (WK) Tops Q1 EPS by 5c, Revenues Beat; Raises 2Q & FY21 EPS/Revenues Guidance Above Consensus
May 4, 2021 4:41 PM EDTWorkiva (NYSE: WK) reported Q1 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $102.4 million versus the consensus estimate of $100.44 million.
First Quarter 2021 Financial Highlights
Revenue: Total revenue for the first quarter of 2021 reached $104.2 million, an increase of 21.5% from $85.8 million in the first quarter of 2020. Subscription and support revenue contributed $84.9 million, up 24.2% versus the first quarter of 2020. Professional services revenue was $19.3 million, an increase of 10.6% compared to the same quarter in the prior year.Gross Profit: GAAP gross profit for the first quarter of 2021 was $80.5... More