Post Earnings Coverage as Workday Reports 34 Percent Revenue Increase on Subscription Growth

LONDON, UK / ACCESSWIRE / August 29, 2016 / Active Wall St. announces its post-earnings coverage on Workday, Inc. (NYSE: WDAY). The company released second-quarter fiscal 2017 results on August 24, 2016. The enterprise cloud application specialist earnings came below expectations; however revenue topped views. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on WDAY; touching on stock like International Business Machines Corp. (NYSE: IBM), EMC Corp. (NYSE: EMC), and Duke Energy Corp. (NYSE: DUK). Get our free coverage by signing up to.

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Earnings Review

For the quarter ended on July 31, 2016, Workday reported revenue of $377.7 million, up 34% from the year ago quarter, and beating analysts’ consensus estimate of $372.7 million. The company reported a net loss of $108.02 million, or $0.55 per share, versus a net loss of $69.42 million, or $0.37 per share, in the same period last year. On an adjusted basis, Workday’s net loss came in at $8.6 million, or $0.04 per share.

“We delivered record second quarter results with solid customer momentum and strong competitive win rates,” said Aneel Bhusri, co-founder and CEO of Workday, “The results were well balanced across our key initiatives as we saw consistent strength across product lines, industries, and geographies and we are proud to welcome our new largest customer based in the APJ region.”

On August 26, 2016, Workday’s shares dropped 2.64% to close at $83.08. A total volume of 2.94 million shares changed hands during the day, which was higher than the 3 months average volume of 1.74 million shares. The company’s stock price has surged 37.44% in the past six months and 10.23% in the past 12 months.

Stock Performance

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SOURCE: Active Wall Street

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