Workday Q4 2020 Earnings Report
Key Takeaways
Workday announced its Q4 and full year fiscal 2020 financial results, with total Q4 revenues reaching $976.3 million, a 23.8% increase year-over-year. Subscription revenue for the quarter was $839.7 million, up 24.7% year-over-year. The company is raising its fiscal 2021 subscription revenue outlook to a range of $3.755 billion to $3.770 billion.
Total revenues for Q4 reached $976.3 million, a 23.8% increase year-over-year.
Subscription revenue was $839.7 million, up 24.7% year-over-year.
Workday ended the fiscal year with significant momentum, including a record quarter for financial management applications.
Workday completed the acquisition of Scout RFP.
Workday
Workday
Workday Revenue by Segment
Forward Guidance
Workday is raising its fiscal 2021 subscription revenue outlook to a range of $3.755 billion to $3.770 billion. The company expects first quarter subscription revenue to be $873.0 million to $875.0 million.
Positive Outlook
- Raising fiscal 2021 subscription revenue outlook to a range of $3.755 billion to $3.770 billion.
- Expecting first quarter subscription revenue to be $873.0 million to $875.0 million.
- Ended the fiscal year with significant momentum.
- Record quarter for financial management applications.
- HCM solutions continue to see strong adoption.
Challenges Ahead
- Risks related to the ability to successfully integrate Scout RFP’s operations.
- Breaches in security measures.
- Service outages, delays in the deployment of applications.
- Failure of applications to perform properly.
- Adverse changes in general economic or market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income