Stock to Track: Workday, Inc. (NASDAQ: WDAY)

On Wednesday, Shares of Workday, Inc. (NASDAQ: WDAY) showed the bullish trend with a higher momentum of 1.23% and ended its trading session at $134.38. The company traded total volume of 169.32K shares as contrast to its average volume of 1.82M shares. The company has a market value of $28.06B and about 211.35M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $95.35 and reached the max level of $140.00.

Workday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, recently declared results for the fiscal 2019 first quarter ended April 30, 2018.

Fiscal First Quarter Results

  • Total revenues were $618.60M, a boost of 28.9% from the first quarter of fiscal 2018. Subscription revenues were $522.10M, a boost of 30.6% from the same period last year.
  • Operating loss was $71.30M, or negative 11.5% of revenues, contrast to an operating loss of $60.20M, or negative 12.5% of revenues, in the same period last year. Non-GAAP operating income for the first quarter was $80.80M, or 13.1% of revenues, contrast to a non-GAAP operating income of $61.00M, or 12.7% of revenues, in the same period last year. Net loss per basic and diluted share was $0.35, contrast to a net loss per basic and diluted share of $0.31 in the first quarter of fiscal 2018. Non-GAAP net income per diluted share was $0.33, contrast to a non-GAAP net income per diluted share of $0.29 in the same period last year.
  • Operating cash flows were $184.20M and free cash flows were $135.40M.3
  • Cash, cash equivalents, and marketable securities were $3.40B as of April 30, 2018. Unearned revenues were over $1.40B, a 17.9% increase from the same period last year.

The Company offered net profit margin of -14.50% while its gross profit margin was 70.60%. ROE was recorded as -21.60% while beta factor was 1.94. The stock, as of recent close, has shown the weekly upbeat performance of 7.04% which was maintained at 30.48% in this year.

Bobbie Collins

Bobbie Collins gives us an insight into the most recent news hitting the Technology Sector in Wall Street. He has been an independent financial adviser for over 10 years in the city and in recent years turned his experience in finance and passion for journalism into a full time role. He performs analysis of Companies and publicizes valuable information for shareholder community. Collins is an accomplished journalist who has a passion for travel. His desire to see the world has taken him to countries around the world and given him the opportunity to report for some of the top news organizations.

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