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Thursday, November 19, 2020

Workday (WDAY) reported earnings on Thur 19 Nov 2020 (a/h)

  ** charts after earnings **


Workday beats by $0.19, beats on revs, raises FY21 subscription revenue guidance

  • Reports Q3 (Oct) earnings of $0.86 per share, $0.19 better than the S&P Capital IQ Consensus of $0.67; revenues rose 18.3% year/year to $1.11 bln vs the $1.09 bln S&P Capital IQ Consensus.
  • Reports subscription revenue backlog of $8.87 bln, up 23.4% yr/yr.
  • Outlook: "Based on our strong third quarter, we are raising our fiscal 2021 subscription revenue guidance to a range of $3.773-$3.775 billion. As we enter Q4, we are increasing our pace of investments to capitalize on the long-term opportunity that we see ahead."
  • Co commented during its call that it expects remaining headwinds due to COVID to be more fully evident in next year's subscription revs, weighing on co's growth in the near term.
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