Workday +2.3%, Q3 over expectations

|About: Workday (WDAY)|By:, SA News Editor

Results – revenue $409.6M (+34.2% Y/Y, $9.16M above estimates), EPS $0.03 ($0.07 above estimates), operating profit $4M (vs. $0.8M Y/Y), operating cash flows $71.5M, free cash flows $43.9M, cash, cash equivalents and marketable securities $1.9B, unearned revenues $1B (+42.6% Y/Y)

Segment revenues – Subscription $335.722M (vs. $242.700M Y/Y), Professional $73.860M (vs. $62.566 Y/Y)

FY 2017 projections – total revenue $1.560B-$1.563B (consensus $1.56B), Subscription revenue $1.282B-$1.285B

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

Prior quarters overview

Conference call

Press release