Workday Earnings: Here’s Why the Stock is Down Now
Workday (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 0.99%.
Workday Earnings Cheat Sheet
Revenue: Rose 71.61% to $107.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Workday reported adjusted EPS loss of $0.13 per share. By that measure, the company beat the mean analyst estimate of $-0.18. It beat the average revenue estimate of $100.5 million.
Quoting Management: “Workday continues to be well positioned for strong growth as a leader in cloud applications for human capital management and financial management,” said Aneel Bhusri, chairman, co-founder, and co-CEO, Workday. “We continue to execute well as we expand our global operations and new product initiatives. Workday’s pace of innovation and very high levels of customer and employee satisfaction are important contributors to our growth.”
Key Stats (on next page)…