Workday (WDAY) reported earnings on Thur 29 Nov 2018 (a/h)

** charts before earnings **

 

** charts after earnings **

 Workday beats by $0.17, beats on revs; Sub revenue and backlog growth accelerates; Raises FY19 Subscription revenue outlook

• Reports Q3 (Oct) earnings of $0.31 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of $0.14; revenues rose 33.8% year/year to $743.2 mln vs the $723.38 mln S&P Capital IQ Consensus.
  • Subscription Revenue of $624.4 Million, Up 34.7%y/y (Q2 30.2%)
  • Subscription Revenue Backlog of $5.9 Billion, Up 31.0%y/y (Q2 26.0%)
  • Operating cash flows were $114.3 million and free cash flows were $58.9 million.
• Raises FY19 Subscription Revenues to the range of $2.375-2.377 bln from $2.341-2.348 bln