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Jan 31, 2020
Workday Q4 2020 Earnings Report
Reported a strong Q4, driven by solid execution across the company.
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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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