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Tue, Feb. 24, 4:27 PM
Nov. 6, 2014, 10:22 AM
- Textura (NYSE:TXTR) is guiding for Q4 revenue of $17.4M-$17.8M and EPS of -$0.02 to -$0.04, below a consensus of $18.9M and -$0.01.
- The cloud construction software provider says Q3 revenue (slightly missed consensus) was at the low end of its guidance range due to an "implementation delay" for a major customer.
- No word yet from Citron Research, which has repeatedly levied fraud accusations.
- Q3 results, PR
Nov. 5, 2014, 4:23 PM
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Jan. 30, 2014, 4:05 PM
Jan. 30, 2014, 1:16 PM
- Much as consumer Web plays are rising in sympathy with Facebook, enterprise cloud software names are sharply higher after cloud IT service desk software leader ServiceNow (NOW +14.3%) beat Q4 revenue estimates, provided very strong guidance, and reported its deferred revenue/backlog balance rose 59% Y/Y.
- Salesforce (CRM +5.5%), Workday (WDAY +5.4%), NetSuite (N +6.2%), Textura (TXTR +9.8%), Cornerstone OnDemand (CSOD +3.6%), Jive Software (JIVE +3.4%), Ultimate Software (ULTI +3.4%), InContact (SAAS +3.9%), Tangoe (TNGO +3.7%), and LivePerson (LPSN +5.4%) are among the winners.
- Baird has upgraded ServiceNow to Outperform, and several other firms have upped their PTs. Raymond James (Strong Buy) praises ServiceNow's efforts to expand into complementary markets such as HR automation, grow both its packaged and custom app sales, and to keep taking share from on-premise IT service desk vendors such as CA, BMC Software, H-P, and IBM.
- On the CC (transcript), CEO Frank Slootman mentioned ServiceNow's installed base has grown to 2,060 accounts and 400 global 2000 customers. That's up from 1,900 and 360 three months earlier.
- He added 80% of customers are now deploying custom apps, and that 20% of the annual contract value recorded in Q4 involved products other than tradition IT service desk licensing.
Nov. 26, 2013, 12:39 PM
- Workday (WDAY +12.8%) has caught an upgrade to Outperform from Baird, as well as a few PT hikes, after beating FQ3 estimates, issuing strong FQ4 guidance, and reporting an acceleration in unearned revenue growth.
- Shares are close to their all-time high of $84.42. Several other enterprise cloud software names are also moving higher: NOW +4.2. IL +3.3%. N +1.5%. TXTR +2%. JIVE +1.8%.
- Workday mentioned on its CC (transcript) it added over 50 customers in FQ3, including eight Global 2000 clients and ten buyers of its Financials software (still a much smaller part of Workday's business than its HR software). Total customers are now above 550.
- The weighted average duration of new contracts was 3.4 years. Workday typically collects a little over a year of the contract value up-front, and then recognizes it as revenue a quarter at a time (the rest goes into unearned revenue)
- Also: 1) Subscription and professional services gross margins rose 122 bps and 432 bps Q/Q, respectively. 2) Headcount rose to nearly 2,400 from 2,120 at the end of FQ2. 3) Billings are expected to be down Q/Q in seasonally weak FQ1.
- Jefferies has raised its PT to $92. The firm praises Workday's customer adds and Financials momentum, and declares the company "has amongst the most attractive share gain potential in software."
Nov. 22, 2013, 4:05 PM
- Shares of Textura (TXTR -7.4%) fell after the company posted a mixed FQ4 but hiked full-year guidance. Investors may have speculated for more, having sent shares up 9.6% yesterday before results were announced.
- Management expects FQ1 revenue of $11.7M-$11.9M (vs. consensus of $11.8M), representing Y/Y growth of 72%-75%. FY2014 guidance has been hiked to $57.5M-$60.5M from $55M-$58M (and vs. consensus of $56.7M), representing growth of 60% to 70%.
Nov. 21, 2013, 4:40 PM
Aug. 8, 2013, 8:37 AM
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