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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Workday Inc.    WDAY

WORKDAY INC.

(WDAY)
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Workday : Raises Annual Subscription Revenue Guidance on Strong 3Q -- Earnings Review

11/19/2020 | 04:33pm EST

By Maria Armental

Workday Inc. raised its subscription revenue projection for the year, following better-than-expected third-quarter results including a 21% subscription revenue increase amid the coronavirus pandemic. Here's what you need to know.

LOSS: The net loss narrowed to $24.3 million, or 10 cents a share, from $115.7 million, or 51 cents a share, a year earlier. On an adjusted basis, profit rose to 86 cents a share from 53 cents a share. Analysts surveyed by FactSet expected a loss of 40 cents a share, or adjusted profit of 67 cents a share.

REVENUE: Total revenue rose to $1.11 billion from $938.1 million a year earlier. Analysts expected $1.09 billion.

BACKLOG: Subscription revenue backlog rose to $8.87 billion, up 23% from the previous year.

OUTLOOK: The company said it now expects subscription revenue to reach $3.77 billion to $3.78 billion, compared with its earlier view of $3.73 billion to $3.74 billion.

PANDEMIC: Company officials had pointed to higher subscription bookings as companies adapted to business conditions during the pandemic and pressed forward with digital transformation initiatives and the migration to cloud-based solutions. The company extended flexible payment terms to some customers, on a case-by-case basis. That, they noted, would affect cash flow and unearned revenue. On Thursday, co-Chief Executive Chano Fernandez said: "In addition to several strategic wins in HR and finance, we also saw continued momentum selling into our existing customer base." Chief Financial Officer Robynne Sisco said the company would increase its pace of investments as it entered the fourth quarter.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

11-19-20 1632ET

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Financials (USD)
Sales 2021 4 302 M - -
Net income 2021 -340 M - -
Net cash 2021 1 486 M - -
P/E ratio 2021 -159x
Yield 2021 -
Capitalization 53 597 M 53 597 M -
EV / Sales 2021 12,1x
EV / Sales 2022 10,1x
Nbr of Employees 12 400
Free-Float 74,2%
Chart WORKDAY INC.
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Technical analysis trends WORKDAY INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 256,34 $
Last Close Price 222,56 $
Spread / Highest target 37,0%
Spread / Average Target 15,2%
Spread / Lowest Target -25,9%
EPS Revisions
Managers and Directors
NameTitle
Aneel Bhusri Co-Chief Executive Officer & Director
Luciano G. Fernandez Co-Chief Executive Officer
Robynne D. Sisco Co-President & Chief Financial Officer
Chano Fernandez Co-President
David A. Duffield Chairman
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