Workday (WDAY) reported earnings on Thur 31 May 2018 (a/h)

** charts before earnings **

** charts after earnings **

 

Workday beats by $0.07, beats on revs; raises FY19 sub rev guidance 

• Reports Q1 (Apr) adj. earnings of $0.33 per share, $0.07 better than the Capital IQ Consensus of $0.26; revenues rose 29.0% year/year to $619 mln vs the $609.66 mln Capital IQ Consensus. 
• Subscription revenues +30.6% to $522.1 million vs. $514-516 mln guidance.
• "Based on our strong first quarter results, we are raising our fiscal 2019 outlook and are now expecting subscription revenue of $2.275 to $2.290 billion [from $2.265-2.280 bln], growth of 27% to 28%. We expect our second quarter subscription revenue to be between $557 and $559 million, growth of 28% to 29%. Our focus remains centered on investing in product innovation to drive strong, sustainable growth."