** charts before earnings **
** charts after earnings **
Workday beats by $0.10, beats on revs; Raises FY18 sub revenue guidance
- Reports Q3 (Oct) earnings of $0.24 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.14; revenues rose 35.6% year/year to $555.4 mln vs the $541.05 mln Capital IQ Consensus.
- Subscription revenues were $463.6 million, an increase of 37.2% from the same period last year.
- Raising fiscal 2018 outlook and are now expecting subscription revenue of $1.780 to $1.782 billion (Prior $1.750-1.757 bln).
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