Workday Earnings: Here’s Why Investors Don’t Like These Results
Workday Inc (NYSE:WDAY) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.93%.
Workday Inc Earnings Cheat Sheet
Revenue: Rose 112.23% to $91.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.15 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $86.91 million.
Quoting Management: “Our Q1 results demonstrate that our business continues to perform well across all initiatives,” said Aneel Bhusri, chairman, co-founder, and co-CEO, Workday. “Development efforts for Workday Big Data Analytics and Workday Recruiting are progressing as planned, and we see increasing customer demand for these new applications as the largest companies around the world continue to move HR and Finance to the cloud.”
Key Stats (on next page)…