WDAY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=WDAY, following the Company's release of its financial results on August 30, 2017, for the second quarter of fiscal 2018 ending July 31, 2017. Total revenues for this quarter noted a y-o-y increment of approximately 40.6%, reaching $525.32 million. This quarter was the fourth consecutive quarter of more than 40% growth in subscription revenue. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected QAD Inc. (NASDAQ: QADB) for due-diligence and potential coverage as the Company reported on August 24, 2017, its financial results for Q2 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on QAD Inc. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WDAY; also brushing on QADB. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=WDAY

http://protraderdaily.com/optin/?symbol=QADB

Earnings Reviewed

Workday attained total revenues of $525.32 million in Q2 FY18 compared to $373.66 million in Q2 FY17. This represented an increase of approximately 40.6%. Strong net new customer growth and continued high levels of customer satisfaction have driven this growth in revenue. Revenues for fiscal second-quarter 2018 surpassed analysts' estimates of approximately $507.40 million.

The extent of operating loss also decreased from last quarter. Total operating loss was $81.63 million for Q2 FY18, i.e. 15% of revenues versus an operating loss of $86.78 million, i.e. 23.2% of revenues, for the same period last year. The Company's non-GAAP operating profit totaled $48.96 million, or 9.3% of revenues, for the reported quarter increase from $6.09 million, or 1.6% of revenues, in the prior year's same quarter.

Workday's net loss decreased from $107.81 million in Q2 FY17 to $82.53 million in Q2 FY18. The Company's net loss per basic and diluted share also decreased to $0.40 in Q2 FY18 from $0.55 in Q2 FY17. Similarly, the non-GAAP net income per diluted share reached $0.24, an increment from $0.04 in the same period last year; this was higher than the consensus estimates of $0.15 per share.

Segment Details

Workday's revenues from subscription services reached $434.53 million for Q2 FY18, up from $306.07 million in Q2 FY17, i.e. an increase of approximately 42%. On the other hand, revenues from professional services also rose from $67.59 million in Q2 FY17 to $90.79 million in FY18, an increment of 34.3%.

Cash Matters

Workday's cash flows from operating activities for Q2 FY18 were $15.12 million, as compared to $6.52 million for the same period last year. Higher cash flows were led by stronger-than-expected collections in Workday's seasonally lowest cash flow quarter.

The Company's free cash flows for Q2 FY18 were a negative $23.40 million, up approximately 17% year-over-year. For the trailing twelve months, Workday's operating cash flows were $376.43 million whereas free cash flows totaled $247.52 million.

As on July 31, 2017, Workday's cash, cash equivalents, and marketable securities stood at $2.09 billion. And there were unearned revenues of around $1.12 billion, a 26.2% growth from the same period last year.

Outlook and Financial Guidance for FY18

Having completed a successful first half of the year, Workday raised its fiscal 2018 outlook. The Company now anticipates total subscription revenue for fiscal 2018 to be in the range of $1.750 to $1.757 billion, i.e. an increase of 36%. It expects the Q3 subscription revenue to be between $450 million and $452 million, which is a growth of 33% to 34%. Thus, it expects Q4 subscription revenue to be around $466 million to $471 million, a growth of 27% to 28%.

The Company envisages Professional Services revenue to be around $343 million in fiscal 2018 and $88 million in Q3. Thus, the estimate for the total revenue for fiscal 2018 comes to $2.093 billion to $2.1 billion, i.e. an increase of 33%, with Q3 total revenue in the range of $538 million to $540 million, i.e. a growth of 30% to 31%.

Workday would continue to focus on investments in business areas that drive long-term growth, while delivering strong operating margins and cash flow expansion over time.

Stock Performance

At the closing bell, on Tuesday, September 19, 2017, Workday's stock marginally slipped 0.26%, ending the trading session at $106.28. A total volume of 1.44 million shares have exchanged hands, which was higher than the 3-month average volume of 1.39 million shares. The Company's stock price surged 7.42% in the last three months, 29.89% in the past six months, and 19.89% in the previous twelve months. Moreover, the stock skyrocketed 60.81% since the start of the year. The stock currently has a market cap of $22.21 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475893

"/> Earnings Review and Free Research Report: Workday’s Revenue Jumped 40.6%; Net Loss Narrowed « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Review and Free Research Report: Workday’s Revenue Jumped 40.6%; Net Loss Narrowed

Research Desk Line-up: QAD Inc. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Workday, Inc. (NYSE: WDAY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=WDAY, following the Company's release of its financial results on August 30, 2017, for the second quarter of fiscal 2018 ending July 31, 2017. Total revenues for this quarter noted a y-o-y increment of approximately 40.6%, reaching $525.32 million. This quarter was the fourth consecutive quarter of more than 40% growth in subscription revenue. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected QAD Inc. (NASDAQ: QADB) for due-diligence and potential coverage as the Company reported on August 24, 2017, its financial results for Q2 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on QAD Inc. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WDAY; also brushing on QADB. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=WDAY

http://protraderdaily.com/optin/?symbol=QADB

Earnings Reviewed

Workday attained total revenues of $525.32 million in Q2 FY18 compared to $373.66 million in Q2 FY17. This represented an increase of approximately 40.6%. Strong net new customer growth and continued high levels of customer satisfaction have driven this growth in revenue. Revenues for fiscal second-quarter 2018 surpassed analysts' estimates of approximately $507.40 million.

The extent of operating loss also decreased from last quarter. Total operating loss was $81.63 million for Q2 FY18, i.e. 15% of revenues versus an operating loss of $86.78 million, i.e. 23.2% of revenues, for the same period last year. The Company's non-GAAP operating profit totaled $48.96 million, or 9.3% of revenues, for the reported quarter increase from $6.09 million, or 1.6% of revenues, in the prior year's same quarter.

Workday's net loss decreased from $107.81 million in Q2 FY17 to $82.53 million in Q2 FY18. The Company's net loss per basic and diluted share also decreased to $0.40 in Q2 FY18 from $0.55 in Q2 FY17. Similarly, the non-GAAP net income per diluted share reached $0.24, an increment from $0.04 in the same period last year; this was higher than the consensus estimates of $0.15 per share.

Segment Details

Workday's revenues from subscription services reached $434.53 million for Q2 FY18, up from $306.07 million in Q2 FY17, i.e. an increase of approximately 42%. On the other hand, revenues from professional services also rose from $67.59 million in Q2 FY17 to $90.79 million in FY18, an increment of 34.3%.

Cash Matters

Workday's cash flows from operating activities for Q2 FY18 were $15.12 million, as compared to $6.52 million for the same period last year. Higher cash flows were led by stronger-than-expected collections in Workday's seasonally lowest cash flow quarter.

The Company's free cash flows for Q2 FY18 were a negative $23.40 million, up approximately 17% year-over-year. For the trailing twelve months, Workday's operating cash flows were $376.43 million whereas free cash flows totaled $247.52 million.

As on July 31, 2017, Workday's cash, cash equivalents, and marketable securities stood at $2.09 billion. And there were unearned revenues of around $1.12 billion, a 26.2% growth from the same period last year.

Outlook and Financial Guidance for FY18

Having completed a successful first half of the year, Workday raised its fiscal 2018 outlook. The Company now anticipates total subscription revenue for fiscal 2018 to be in the range of $1.750 to $1.757 billion, i.e. an increase of 36%. It expects the Q3 subscription revenue to be between $450 million and $452 million, which is a growth of 33% to 34%. Thus, it expects Q4 subscription revenue to be around $466 million to $471 million, a growth of 27% to 28%.

The Company envisages Professional Services revenue to be around $343 million in fiscal 2018 and $88 million in Q3. Thus, the estimate for the total revenue for fiscal 2018 comes to $2.093 billion to $2.1 billion, i.e. an increase of 33%, with Q3 total revenue in the range of $538 million to $540 million, i.e. a growth of 30% to 31%.

Workday would continue to focus on investments in business areas that drive long-term growth, while delivering strong operating margins and cash flow expansion over time.

Stock Performance

At the closing bell, on Tuesday, September 19, 2017, Workday's stock marginally slipped 0.26%, ending the trading session at $106.28. A total volume of 1.44 million shares have exchanged hands, which was higher than the 3-month average volume of 1.39 million shares. The Company's stock price surged 7.42% in the last three months, 29.89% in the past six months, and 19.89% in the previous twelve months. Moreover, the stock skyrocketed 60.81% since the start of the year. The stock currently has a market cap of $22.21 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475893

Research Desk Line-up: QAD Inc. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Workday, Inc. (NYSE: WDAY), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=WDAY, following the Company's release of its financial results on August 30, 2017, for the second quarter of fiscal 2018 ending July 31, 2017. Total revenues for this quarter noted a y-o-y increment of approximately 40.6%, reaching $525.32 million. This quarter was the fourth consecutive quarter of more than 40% growth in subscription revenue. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected QAD Inc. (NASDAQ: QADB) for due-diligence and potential coverage as the Company reported on August 24, 2017, its financial results for Q2 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on QAD Inc. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WDAY; also brushing on QADB. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=WDAY

http://protraderdaily.com/optin/?symbol=QADB

Earnings Reviewed

Workday attained total revenues of $525.32 million in Q2 FY18 compared to $373.66 million in Q2 FY17. This represented an increase of approximately 40.6%. Strong net new customer growth and continued high levels of customer satisfaction have driven this growth in revenue. Revenues for fiscal second-quarter 2018 surpassed analysts' estimates of approximately $507.40 million.

The extent of operating loss also decreased from last quarter. Total operating loss was $81.63 million for Q2 FY18, i.e. 15% of revenues versus an operating loss of $86.78 million, i.e. 23.2% of revenues, for the same period last year. The Company's non-GAAP operating profit totaled $48.96 million, or 9.3% of revenues, for the reported quarter increase from $6.09 million, or 1.6% of revenues, in the prior year's same quarter.

Workday's net loss decreased from $107.81 million in Q2 FY17 to $82.53 million in Q2 FY18. The Company's net loss per basic and diluted share also decreased to $0.40 in Q2 FY18 from $0.55 in Q2 FY17. Similarly, the non-GAAP net income per diluted share reached $0.24, an increment from $0.04 in the same period last year; this was higher than the consensus estimates of $0.15 per share.

Segment Details

Workday's revenues from subscription services reached $434.53 million for Q2 FY18, up from $306.07 million in Q2 FY17, i.e. an increase of approximately 42%. On the other hand, revenues from professional services also rose from $67.59 million in Q2 FY17 to $90.79 million in FY18, an increment of 34.3%.

Cash Matters

Workday's cash flows from operating activities for Q2 FY18 were $15.12 million, as compared to $6.52 million for the same period last year. Higher cash flows were led by stronger-than-expected collections in Workday's seasonally lowest cash flow quarter.

The Company's free cash flows for Q2 FY18 were a negative $23.40 million, up approximately 17% year-over-year. For the trailing twelve months, Workday's operating cash flows were $376.43 million whereas free cash flows totaled $247.52 million.

As on July 31, 2017, Workday's cash, cash equivalents, and marketable securities stood at $2.09 billion. And there were unearned revenues of around $1.12 billion, a 26.2% growth from the same period last year.

Outlook and Financial Guidance for FY18

Having completed a successful first half of the year, Workday raised its fiscal 2018 outlook. The Company now anticipates total subscription revenue for fiscal 2018 to be in the range of $1.750 to $1.757 billion, i.e. an increase of 36%. It expects the Q3 subscription revenue to be between $450 million and $452 million, which is a growth of 33% to 34%. Thus, it expects Q4 subscription revenue to be around $466 million to $471 million, a growth of 27% to 28%.

The Company envisages Professional Services revenue to be around $343 million in fiscal 2018 and $88 million in Q3. Thus, the estimate for the total revenue for fiscal 2018 comes to $2.093 billion to $2.1 billion, i.e. an increase of 33%, with Q3 total revenue in the range of $538 million to $540 million, i.e. a growth of 30% to 31%.

Workday would continue to focus on investments in business areas that drive long-term growth, while delivering strong operating margins and cash flow expansion over time.

Stock Performance

At the closing bell, on Tuesday, September 19, 2017, Workday's stock marginally slipped 0.26%, ending the trading session at $106.28. A total volume of 1.44 million shares have exchanged hands, which was higher than the 3-month average volume of 1.39 million shares. The Company's stock price surged 7.42% in the last three months, 29.89% in the past six months, and 19.89% in the previous twelve months. Moreover, the stock skyrocketed 60.81% since the start of the year. The stock currently has a market cap of $22.21 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 475893

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-workdays-revenue-jumped-40-6-net-loss-narrowed/241388

Source: AccessWire

Release ID: 241388


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