FMP
May 24, 2024 10:23 AM - Davit Kirakosyan
Workday (NASDAQ:WDAY) reported first-quarter earnings that surpassed analyst expectations, with an adjusted EPS of $1.74, $0.15 higher than the consensus estimate of $1.59. Revenue also exceeded forecasts, reaching $1.99 billion compared to the anticipated $1.97 billion.
Despite these strong results, Workday's stock fell by 12% in pre-market today after the company provided a cautious subscription revenue guidance that unsettled investors. For the full fiscal year 2025, Workday projects subscription revenue between $7.700 billion and $7.725 billion, reflecting approximately 17% growth, with an adjusted operating margin of 25.0%. For the second quarter of fiscal 2025, the company expects similar subscription revenue growth of about 17%, with an adjusted operating margin of 24.5%.
The first quarter showed robust performance, with total revenues increasing by 18.1% to $1.990 billion compared to the first quarter of fiscal 2024. Subscription revenues grew by 18.8% year-over-year. Operating income also improved significantly, reaching $64 million, or 3.2% of revenues, up from a $20 million loss in the same period last year. Adjusted operating income rose to $515 million, or 25.9% of revenues, from $396 million a year ago.
Workday CEO Carl Eschenbach highlighted the solid revenue growth and adjusted operating margin expansion, while CFO Zane Rowe noted the alignment of first-quarter performance with expectations and the focus on efficiency, despite challenges such as increased sales scrutiny and slower customer headcount growth.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...