Categories Earnings, Technology

A visual representation of Workday (WDAY) Q1 2021 earnings results

Workday, Inc. (NASDAQ: WDAY) reported its financial results for the quarter ended April 30, 2020, on Wednesday after the market closes. The bottom line missed analysts’ expectations while the top line exceeded consensus estimates.

The company posted a wider loss for the first quarter of 2021 due to higher costs and expenses despite a 23% jump in the top-line. Subscription revenue jumped by 26% year-over-year. Workday expects second-quarter subscription revenue of $913-915 million.

While remaining well-positioned for the long term, the company is lowering its fiscal 2021 subscription revenue guidance to account for the near-term impact from COVID-19. The subscription revenue outlook is cut to the range of $3.67-3.69 billion from the prior range of $3.755-3.77 billion.

The company lifted fiscal 2021 non-GAAP operating margin guidance to 16%. Workday remains confident in the fundamental strength of its business model and plans to operate with agility while continuing to drive innovation to support sustainable, long-term growth.

Past Performance

Most Popular

Snowflake (SNOW) appears to be on solid footing despite cloud slowdown

The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data

Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?

In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)

Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?

The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new

Add Comment
Viewing Highlight