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Sramana Mitra's Sramana Mitra On Strategy

Entrepreneur and Strategy Consultant Sramana Mitra's
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Cloud Stocks: Workday has a Milestone Quarter, Builds on its AI and ML Offerings | Sramana Mitra

Updated 1 Year Ago

Cloud Stocks: Workday Has A Milestone Quarter, Builds On Its AI And ML Offerings | Sramana Mitra
Enterprise services provider, Workday (NASDAQ: WDAY) recently announced its fourth quarter results that surpassed the market expectations. It was a milestone quarter for Workday as it surpassed the 10,000 customer mark with more than 4,750 of those being core HCM and finance customers. It continues to improve its market offerings by adding AI and ML capabilities to its product lineup. Workday's Financials Workday's fourth quarter revenues grew 19.6% to $1.65 billion, ahead of the Street's forecast by 0.84%. Non GAAP EPS was $3.64, ahead of the market's forecast of $0.89. By segment, Subscription services revenues grew 21.7% to $1.5 billion. Professional services revenues grew 2.6% to $150.9 million. For the fiscal year, Workday's revenues grew 21% to $6.22 billion and EPS was $3.64. Almost 629 billion transactions were processed with Workday, up 42%. For the first quarter, the market estimates revenues of $1.69 billion and an EPS of $1.05. It expects Workday to end the
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