Workday Inc (WDAY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Workday Inc (WDAY) reported quarterly earnings results on Wednesday, Aug-24-2016. The company reported $-0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.03. The company posted revenue of $377.70 million in the period, compared to analysts expectations of $372.71 million. The company’s revenue was up 33.6% 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 Needham to ” Hold” on Aug 22, 2016. Citigroup Downgraded Workday Inc on Jul 20, 2016 to ” Neutral”, Price Target of the shares are set at $87.BMO Capital Markets Initiated Workday Inc on Jun 15, 2016 to “Market Perform”, Price Target of the shares are set at $90.

Workday Inc opened for trading at $80.11 and hit $81.15 on the upside on Tuesday, eventually ending the session at $79.95, with a gain of 0.90% or 0.71 points. The heightened volatility saw the trading volume jump to 21,67,098 shares. Company has a market cap of $15,750 M.

In a different news, on Aug 17, 2016, Aneel Bhusri (Chief Executive Officer) sold 8,736 shares at $83.67 per share price. According to the SEC, on Aug 17, 2016, David A Duffield (Chairman) sold 3,124 shares at $83.70 per share price. On Aug 17, 2016, Michael A. Stankey (Vice Chairman) sold 6,484 shares at $83.68 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.

Workday Inc

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