Workday (WDAY) Tops on Q2 Earnings & Revenues, Stock Rises. Professional services revenues are projected to be $135 million. 'I have nightmares': Teens kill mum by rolling log off a cliff, Pilot father accused of brutally murdering baby girl in five star hotel, 30 Unusual Signs Of High Intelligence In A Person, Truth behind X-rated Aldi Special Buy stool, International Business Machines Corporation (IBM) : Free Stock Analysis Report, General Motors Company (GM) : Free Stock Analysis Report, Eli Lilly and Company (LLY) : Free Stock Analysis Report, Workday, Inc. (WDAY) : Free Stock Analysis Report. Moreover, Nebraska Medicine and Prisma Health were the key core financials go-lives in the quarter.Also, Shelter Insurance and CNA, "early adopters of Workday Accounting Center," went live in the quarter. 2020 Annual Shareholder Meeting June 9, 2020 Hear Replay. Over the last 2 years, WDAY has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time. Workday, Inc. WDAY reported second-quarter fiscal 2021 non-GAAP earnings of 84 cents per share, which outpaced the Zacks Consensus Estimate by 29.2%. From 2017 through Q2 2020, while the S&P 500 gained an impressive +44.0%, five of our strategies returned +50.9%, +93.8%, +122.2%, +153.0%, and even +156.8%.This outperformance has not just been a recent phenomenon. Would you like to see the updated picks from our best market-beating strategies? The company anticipates a non-GAAP operating margin of 19%. The latest partnership with IBM is expected to aid the company to acquire more customers as enterprises increasingly seek to optimize employee work. 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As a percentage of revenues, the figure contracted 810 basis points (bps) on a year-over-year basis to 53.6%. Non-GAAP expenses pertaining to Product development, sales and marketing, and general and administrative climbed 3.9% year over year to $569.1 million. Bank of America Securities 2020 Global Technology Conference June 2, 2020 Hear Replay. Reblog. Zacks. Share. (RTTNews) - Workday, Inc. (WDAY) will host a conference call at 4:30 PM ET on August 27, 2020, to discuss Q2 21 earnings results. Share. Zacks. Click to subscribe to real-time analytics on WDAY, Now read: The Ways Investors Cheat Themselves Out Of Long-Term Wealth Creators », The Ways Investors Cheat Themselves Out Of Long-Term Wealth Creators », Final Trades: Goldman Sachs, Workday, Splunk & more, Cloud stocks soar as Workday gets an upgrade. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Eli Lilly and Company (LLY) : Free Stock Analysis Report Workday, Inc. (WDAY) : Free Stock Analysis Report To read this article on Zacks.com click here. See what we’re up to in our global impact report. From 2017 through Q2 2020, while the S&P 500 gained an impressive +44.0%, five of our strategies returned +50.9%, +93.8%, +122.2%, +153.0%, and even +156.8%. Moreover, robust performance across North America and APAC remained notable. Find the latest Earnings Report Date for Workday, Inc. Class A Common Stock (WDAY) at Nasdaq.com. Workday, Inc. Fiscal 2021 Q2 Earnings Conference Call August 27, 2020 Hear Replay. As a percentage of revenues, the figure contracted 810 basis points (bps) on a year-over-year basis to 53.6%. The company anticipates a non-GAAP operating margin of 19%. The company recently announced the promotion of Chano Fernandez from co-president to co-CEO position alongside Workday co-founder Aneel Bhusri, who was earlier the sole CEO. Tweet. Citi’s 2020 Global Technology Conference Hear Replay. Key HCM go-lives in the reported quarter included General Motors GM, The Hartford, Eli Lilly LLY and Bridgestone Americas.Workday Financial Management customer base continued to expand, with key wins, including a Comerica Bank. Reduced spend on travel and marketing, program delays, canceled events and more calculated hiring kept expenses in check. Workday is well-poised to gain from the growing clout of Financial Management, Business Planning Cloud, and Prism Analytics offerings. Today, you can download 7 Best Stocks for the Next 30 Days. Zacks Investment Research, Workday, Inc. Price, Consensus and EPS Surprise. The consensus EPS Estimate is $0.66 (+50.0% Y/Y) and the consensus Revenue Estimate is $1.04B (+17.1% Y/Y). Non-GAAP expenses pertaining to Product development, sales and marketing, and general and administrative climbed 3.9% year over year to $569.1 million. Management projects subscription revenue backlog growth in the fiscal third quarter to be in the high-teens.Workday, currently carrying a Zacks Rank #3 (Hold), revised the fiscal 2021 guidance on the heels of robust fiscal second-quarter performance, strong backlog and solid pipeline. Share. Share. Markedly, three Fortune 500 companies, which selected the solution in the fiscal first quarter, went live and are in production.During the quarter under review, the company launched Workday Help and Workday Journeys solutions to expand the capabilities of its employee experience offering –– Workday People Experience. Reblog. Read Report. For third-quarter fiscal 2021, Workday expects subscription revenues of $948-$950 million (indicating year-over-year growth of 19%). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.The company now expects subscription services’ revenues to be $3.73-$3.74 billion (previously $3.67-$3.69 billion). Workday (NASDAQ:WDAY) is scheduled to announce Q2 earnings results on Thursday, August 27th, after market close. 28 August 2020. Paving the way to a brighter future. Moreover, the bottom line improved 90.9% year over year. Cash, cash equivalents and marketable securities were $2.75 billion as of Jul 31, 2020, compared with $2.6 billion as of Apr 30, 2020.Total debt (current plus non-current) was $1.79 billion as of Jul 31, 2020, compared with $1.77 billion as of Apr 30, 2020.During the quarter, Workday settled a $250-million convertible note using cash proceeds from the final funding of term loan. Workday (WDAY) Tops on Q2 Earnings & Revenues, Stock Rises. Reblog. The company also expanded its Fortune 50 clientele with one of the leading U.S. telecommunications services company, adopting its HCM offerings. From 2000 – Q2 2020, while the S&P averaged +5.5% per year, our top strategies averaged up to +51.7% per year.See their latest picks free >>, Want the latest recommendations from Zacks Investment Research? On a year-to-date basis, Workday stock has gained 46.8% compared with the industry’s rally of 67.9%. Yahoo is part of Verizon Media. Professional services revenues are projected to be $135 million.