What Is Workday Waiting For?
Fri, Dec. 2, 3:00 PM
Fri, Dec. 2, 12:42 PM
Fri, Dec. 2, 9:15 AM
- Initial earnings reaction: Workday +2.3%, Q3 over expectations
- Workday receives Outperform confidence amid the sharp premarket move lower today (on management commentary over large deal delays) at William Blair, Oppenheimer & Co. ($100 to $88), RBC Capital Markets ($102 to $85) and JMP Securities ($93 to $91).
- Jefferies maintains at Hold, lowering target to $71 (from $79), while Société Générale adjusts negative.
- Workday (NYSE:WDAY) shares are to $69.10 before the open.
- Update: Drexel Hamilton and BTIG bullish, Brean Capital negative.
Fri, Dec. 2, 9:12 AM
Thu, Dec. 1, 5:37 PM
Thu, Dec. 1, 4:17 PM
- 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
Thu, Dec. 1, 4:03 PM
Wed, Nov. 30, 5:35 PM
Tue, Oct. 18, 10:06 PM
- Among a cache of Colin Powell emails released by hackers was a presentation prepared in May for the Salesforce.com (NYSE:CRM) board (on which sits Powell) titled "M&A Target Review."
- Partial presentation slides
- The 60-slide document identified 14 possible acquisition targets. Among them were Adobe Systems (NASDAQ:ADBE), whose market cap of $53.7B is above that of Salesforce, and Pegasystems (NASDAQ:PEGA), with a $2.3B valuation.
- The list also included Demandware, which Salesforce ended up buying, and LinkedIn, which the company lost in a bidding war with Microsoft.
- Others: Workday (NYSE:WDAY), ServiceNow (NYSE:NOW), NetSuite (NYSE:N), Tableau (NYSE:DATA), Veeva Systems (NYSE:VEEV), BOX, Zendesk (NYSE:ZEN), HubSpot (NYSE:HUBS).
- CEO Marc Benioff earlier this month when fending off complaints about his interest in Twitter: “We look at a lot of things and we pass on almost everything."
Tue, Sep. 27, 2:04 PM
- A move from a presently free model to charging based on number of employees also reported, though exact figures have not been specified.
- Groups, News Feed, Chat, Events and Search features tailored for an enterprise environment have been in the works and under evaluation through an early adopter program of the platform for over a year.
- Meanwhile, separate enterprise productivity partnerships between Microsoft (MSFT +1.8%) and Workday (WDAY +1.6%), and Slack (Private:SLACK) and Salesforce (CRM -0.2%) were just announced earlier today.
- Facebook at Work (NASDAQ:FB)
Tue, Sep. 27, 11:16 AM
- Integrations, which will roll out in Q2 2017, across Microsoft Office 365 and Workday's HR and finance platforms highlighted.
- Workday (WDAY +0.9%) co-founder and CEO Aneel Bhusri: "Connecting the productivity tools in Office 365 with Workday's finance and HR applications will enable customers globally to uncover new ways to produce great work that ultimately drives their businesses forward. Our partnership with Microsoft is yet another example of our commitment to empowering customers to increase productivity and drive performance with Workday -- all in an intuitive experience that mirrors how they prefer to work."
- Microsoft (MSFT +0.7%) CEO Satya Nadella: "Our mission is to empower every person and every organization on the planet, and key to this is forging strategic partnerships with companies including Workday. Blending the power of Workday's cloud-based finance and HR applications with the cloud productivity of Office 365 will enable our customers to simplify their businesses processes, enhance collaboration, and infuse more intelligence into their organizations."
- The union comes on Microsoft's partnerships with Adobe Systems (cloud) and Renault-Nissan Alliance (connected-car) disclosed yesterday at its Ignite conference.
- Satya Nadella video
Thu, Aug. 25, 3:00 PM
Thu, Aug. 25, 9:16 AM
Wed, Aug. 24, 5:38 PM
Wed, Aug. 24, 4:42 PM
- Total revenue of $377M and subscription revenue of $306.2M.
- Operating profit of $5.9M (1.6% of revenue) vs. operating loss of $0.7M (-0.3% of revenue) Y/Y. Net loss per basic and diluted share of $0.04 vs. net income per basic and diluted share of $0.02 Y/Y.
- Projects Q3 total revenue of $398M-$400M and subscription revenue of $331M-$333M.
- Aneel Bhusri, Workday (NYSE:WDAY) co-founder and CEO: "We delivered record second quarter results with solid customer momentum and strong competitive win rates. The results were well balanced across our key initiatives as we saw consistent strength across product lines, industries, and geographies and we are proud to welcome our new largest customer based in the APJ region."
- Conference call
- Press release
Wed, Aug. 24, 4:03 PM