Workday beats earnings and revenue expectations in second quarter

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In its second quarter, Workday($NASDAQ:WDAY) posted non-GAAP earnings per share of $0.83, beating analyst expectations by $0.03. Revenue of $1.54 billion also beat expectations by $20 million. This strong performance is likely to boost Workday’s market value and earnings in the long term. The company’s stock has already surged in response to the news, and analysts are predicting even more growth in the future. Workday is clearly doing well and is poised for continued success.

Market Price

Workday, a provider of cloud-based financial and human resources applications, reported better-than-expected second-quarter results on Thursday. The company’s stock opened at $156.7 and closed at $162.4, up by 1.2% from its previous closing price of 160.4.

VI Analysis

Based on the VI app, WORKDAY’s fundamentals reflect its long term potential. The company is strong in growth, medium in asset and weak in dividend, profitability. WORKDAY has a high health score of 7/10 with regard to its cashflows and debt, is capable to pay off debt and fund future operations. However, the company is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

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Summary

Workday Inc reported strong second-quarter results on Thursday, with the company’s earnings and revenue both coming in ahead of expectations. The strong results and guidance raise suggest that Workday is continuing to execute well in its core cloud HR business, and that the company is making progress with its newer offerings, such as its financial management and analytics products.