Workday Inc (WDAY) reported quarterly earnings results on Tuesday, May-31-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.02. The company posted revenue of $345.40 million in the period, compared to analysts expectations of $338.76 million. The company’s revenue was up 37.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Many Wall Street Analysts have commented on Workday Inc. Workday Inc was Downgraded by Cross Research to ” Hold” on May 31, 2016. Wedbush Downgraded Workday Inc on May 27, 2016 to ” Underperform”, Price Target of the shares are set at $63.Company shares were Reiterated by Wunderlich on May 26, 2016 to “Hold”, Firm has raised the Price Target to $ 78 from a previous price target of $70 .
Workday Inc closed down -1.97 points or -2.53% at $76.03 with 34,69,825 shares getting traded on Friday. Post opening the session at $75.63, the shares hit an intraday low of $73.6 and an intraday high of $76.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 18, 2016, James P Shaughnessy (SVP, General Counsel & Secty) sold 1,932 shares at $71.17 per share price. According to the SEC, on May 18, 2016, James Bozzini (Senior Vice President) sold 3,863 shares at $71.49 per share price. On May 18, 2016, Robynne Sisco (Chief Financial Officer) sold 1,134 shares at $70.85 per share price, according to the Form-4 filing with the securities and exchange commission.
Workday Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management human capital management and analytics applications designed for a range of companies educational institutions and government agencies. The Company’s applications include Workday Financial Management Workday Human Capital Management (Workday HCM) and Workday Insight Applications. Workday Financial Management is a unified application built on a single global core with a range of financial capabilities relevant analytics and metrics and an auditable process management built to help manage financial processes for global organizations. Workday HCM enables an organization to staff pay organize and develop its global workforce. Workday Insight Applications is a suite of applications that leverage advanced data science and machine learning methodologies to help customers make financial and workforce decisions.