FMP
Aug 28, 2021 2:12 AM - Davit Kirakosyan
Workday, Inc. (NASDAQ: WDAY), a company providing cloud-based software for organizations to manage and plan finance and human resources, reported strong Q2 earnings, beating consensus estimates, with commentary suggesting that demand is improving across both HR and financials. Subscription revenue grew 19.5% y/y to $1.11 billion, pushing the total revenue to $1.26 billion. EPS grew 41% q/q to $1.23.
Management raised its guidance for FY2022, with a yearly revenue estimate of $4.51 billion, which represents a 19% increase compared to the previous year.
The company’s co-CEO Chano Fernandez mentioned that Workday business is growing, driven by accelerating demand from large enterprise customers.
According to the analysts at Oppenheimer the company has been a disruptive force in the HCM market over the years and has leveraged its platform to drive TAM expansion both within its core HR market and more broadly in ERP.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...