Thursday, February 28, 2019

Workday Beats, Stock up 1% After-Hours (WDAY)

From Reuters:

Workday beats revenue and profit estimates on higher subscription revenue
Workday Inc topped Wall Street estimates for quarterly profit and revenue on Thursday, as more companies signed up for the financial and human resources software maker’s cloud-based software, sending its shares up 2 percent.

Subscription services revenue, which accounts for more than 80 percent of the company’s total revenue, rose 37.5 percent to $673.5 million, beating estimates of $633 million, according to IBES data from Refinitiv.

Professional revenue grew about 24 percent to $115.1 million, above the average estimate of $111.9 million.

Workday has been benefiting as enterprises increasingly shift to cloud-based applications to manage their payroll and human resources....MORE
From the company:
Workday Announces Fourth Quarter and Full Fiscal Year 2019 Financial Results
The stock is up $2.33 (1.18%) at $200.25. If something dramatic happens on the conference call (à la Elon) someone will tell me. 
Ahead of Today's Earnings: "How Innovative Is Workday?" (WDAY)
...There's a rumor the Go-Go's may make an appearance after the report....