Workday (WDAY) Tops Q4 EPS by 10c

Workday (NASDAQ: WDAY) reported Q4 EPS of $0.99, $0.10 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.63 billion.

GUIDANCE:

"Our solid fourth quarter and full-year fiscal 2023 results underscore the durable demand for our solutions, as organizations of all sizes continue to prioritize finance and HR modernization," said Barbara Larson, chief financial officer, Workday. "We are maintaining the midpoint of our preliminary fiscal year 2024 subscription revenue guidance while increasing our fiscal 2024 non-GAAP operating margin outlook to the high end. We now expect subscription revenue of $6.525 billion to $6.575 billion, growth of 17% to 18%, and non-GAAP operating margin of 23.0%, which includes a 150 basis point increase resulting from a change in our useful life policy for servers and network equipment. Our outlook reflects our strong fourth quarter execution and the scale of our model, balanced with our expectation that the environment will remain uncertain in the near-term."1

For earnings history and earnings-related data on Workday (WDAY) click here.

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