The Latest in IT Security

Workday forecasts strong revenue as subscriptions jump

26
Nov
2013

Workday Inc, a provider of Web-based human resources software, guided fourth-quarter revenue well above expectations after reporting a 76 percent jump in quarterly sales, helped by strong growth in subscriptions from financial customers. Workdays shares rose as much as 8 percent after the bell. Northland Capital Markets analyst Scott Berg said the company reported its largest sequential increase in deferred revenue since its IPO, helped by strong growth in billings. Guidance was above expectations and would appear to be fairly conservative given the momentum in billings, Evercore analyst Kirk Materne said.

Comments are closed.

Categories

THURSDAY, AUGUST 22, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks