Workday (WDAY) Tops Q1 EPS by 2c, Company Offers Guidance

Workday (NYSE: WDAY) reported Q1 EPS of ($0.13), $0.02 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $159.7 million versus the consensus estimate of $152.42 million.

Workday sees Q2 2014 revenue of $173 - $178 million, versus the consensus of $171.51 million.

Workday also sees FY2014 revenue of $730 - $750 million, versus the consensus of $735.36 million.

"Looking ahead, we expect our second quarter revenues to be within a range of $173 and $178 million or growth of 61% to 65% as compared to the prior year. Total revenues for the year are anticipated to be in the range of $730 and $750 million or growth of 56% to 60%. Total billings(3) in the first quarter were $208 million and benefitted from several new large customers. We expect total billings for the second quarter to decrease sequentially. For the year, we expect total billings to be approximately $890 to $910 million."

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

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