Workday Inc

$19.00

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SKU: WDAY-1 Category:

Description

Workday managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. This result was driven by strong execution and consistent demand across their products. In the quarter, subscription revenue increased by 20% year over year to $1.53 billion. A total of $156 million was made from professional services during the quarter. Outside of the United States, overall revenue was $420 million, which represents 25% of total sales. Workday had more than 17,800 Workmates worldwide at the end of the first quarter. Although they continue to expect fewer headcount increases in fiscal year 2024 compared to 2023, they added critical talent throughout the business’s strategic growth areas, including go-to-market, product, and technology. The new business bookings and healthy pipelines indicate a positive start to the fiscal year. The management claims that its business is being set up to return to subscription revenue growth of 20% or more when the environment improves, and they are laying the groundwork for sustaining growth and margin improvement for many years to come, even though the macroeconomic outlook is still uncertain. We give Workday a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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