Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Workday Boosts Forecast As Q3 Earnings Top Expectations

Thursday, December 1, 2016 14:57
% of readers think this story is Fact. Add your two cents.

Cloud-based HR solutions provider Workday Inc (NYSE:WDAY) late Thursday posted better than expected third quarter results and slightly upped its full-year outlook.

The Pleasanton, CA-based company reported adjusted Q3 EPS of $0.03, which was a full $0.08 better than Wall Street analysts’ expectations for a net loss of $0.05. Total revenues rose 34.2% from last year to $409.6 million, also beating out estimates for $400.5 million.

Workday also noted that subscription revenues for its services rose 38.2% from the year-ago period to $335.7 million.

Looking ahead, WDAY forecast full-year 2017 revenues to range from $1.560 to $1.563 billion, up slightly from a prior outlook of from $1.548 to $1.558 billion. That new guidance could beat the Wall Street consensus estimate of $1.56 billion for the year.

Cash and cash equivalents amounted to $1.9 billion in the latest period, while unearned revenues were $1.0 billion, up a massive 42.6% from last year.

The company commented via press release:

“We had a strong third quarter and saw healthy demand across all major geographies and industries,” said Aneel Bhusri, co-founder and CEO, Workday. “We continue to lead with product differentiation, technology innovation, and real customer success, and believe these are significant differentiators for Workday in the market.”

Workday shares rose $1.40 (+1.72%) to $83.00 in after-hours trading Thursday. Prior to today’s report, WDAY had gained 2.41%, versus a 7.7% rise in the benchmark S&P 500 index during the same period.


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.