Summary
Workday, Inc. reported total revenues of $618.6 million for the three months ended April 30, 2018, a 29% increase year-over-year, driven by a 31% increase in subscription services revenue. Despite revenue growth, the company continued to incur an operating loss of $71.3 million and a net loss of $74.4 million. This loss was primarily due to significant investments in product development and sales & marketing to support future growth. The company maintained a strong liquidity position with $3.4 billion in cash, cash equivalents, and marketable securities.
Financial Highlights
41 data pointsBeta
Financial Statements
Beta
| Revenue | $618.64M |
| R&D Expenses | $263.58M |
| Operating Expenses | $689.91M |
| Operating Income | -$71.26M |
| Interest Expense | $18.30M |
| Net Income | -$74.41M |
| EPS (Basic) | $-0.35 |
| Shares Outstanding (Basic) | 213.06M |
Key Highlights
- 1Total revenues grew 29% year-over-year to $618.6 million.
- 2Subscription services revenue increased 31% to $522.1 million, representing 84% of total revenues.
- 3Professional services revenue increased 20% to $96.5 million.
- 4The company reported an operating loss of $71.3 million and a net loss of $74.4 million.
- 5Investments in product development and sales & marketing increased significantly year-over-year to support growth initiatives.
- 6Cash, cash equivalents, and marketable securities totaled $3.4 billion as of April 30, 2018, indicating a strong liquidity position.
- 7The company's 0.75% convertible senior notes due July 15, 2018, were classified as current liabilities, and the 2020 notes became convertible at the holders' option in the next quarter.