Workday: Fiscal Q1 Earnings Snapshot
- On Thursday, Workday Inc. Announced a net profit of $68 million for its first fiscal quarter, along with revenues totaling $2.24 billion.
- The results exceeded Wall Street expectations, driven partly by 13.4% growth in subscription revenues compared to the previous year.
- Operating income dropped to $39 million due to $166 million in restructuring expenses, though non-GAAP operating income rose to $677 million or 30.2% of revenues.
- Workday CEO Carl Eschenbach highlighted the company’s strong quarterly performance, reflecting the resilience of their operations and the ongoing importance of their platform to CEOs focused on enhancing efficiency, agility, and growth.
- Workday updated full-year subscription revenue guidance to $8.8 billion and planned up to $1 billion in share repurchases while continuing international expansion.
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Workday: Fiscal Q1 Earnings Snapshot
PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Workday Inc. (WDAY) on Thursday reported fiscal first-quarter net income of $68 million. The Pleasanton, California-based company said it had profit of 25 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to $2.23 per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for ea…
·Washington, United States
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Leaning Left4Leaning Right2Center19Last UpdatedBias Distribution76% Center
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