Stock Monitor: SecureWorks Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 09, 2018 / Active-Investors.com has just released a free earnings report on Workday, Inc. (NASDAQ: WDAY). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WDAY. The Company reported its fourth quarter fiscal 2018 and full fiscal year 2018 operating and financial results on February 27, 2018. The Human Resource software maker outperformed top- and bottom-line expectations, and also provided guidance for the upcoming quarter and fiscal year 2019. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for SecureWorks Corp. (NASDAQ: SCWX), which also belongs to the Technology sector as the Company Workday. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Workday most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=WDAY

Earnings Highlights and Summary

For the quarter ended January 31, 2018, Workday's total revenues were $582.5 million, reflecting an increase of 32.5% from $439.58 million in Q4 2017. The Company's revenue numbers beat analysts' estimates of $574 million.

During Q4 FY18, Workday's subscription revenues surged 33.7% to $490.0 million compared to $366.6 million in Q4 FY17. Out of the Company's overall subscription revenues for the reported quarter, $441 million, or 90%, came from the balance sheet, consistent with Q4 FY17. Workday generated $131 million of revenues outside the US, up 53% on a y-o-y basis, representing a record 22% of total revenues for Q4 FY17. Workday's subscription revenue backlog was $5.2 billion at the end of Q4 FY18, reflecting a growth of 34% on a y-o-y basis.

For Q4 FY18, Workday's operating loss was $81.3 million, or negative 14.0% of revenues, compared to an operating loss of $88.9 million, or negative 20.2% of revenues, in Q4 FY17. The Company's non-GAAP operating profit was $55.5 million, or 9.5% of revenues, in the reported quarter compared to a non-GAAP operating profit of $25.3 million, or 5.8% of revenues, in the prior year's same quarter.

Workday's net loss was $89.1 million, or $0.42 per diluted share, in Q4 FY18 compared to a net loss of $88.3 million, or $0.44 per diluted share, in Q4 FY17. The Company's non-GAAP net income was $0.28 per diluted share in the reported quarter, up 75% compared to $0.16 per diluted share in Q4 FY17. Workday's earnings beat Wall Street's estimates of $0.20 per share.

For FY18, Workday's total revenues were $2.1 billion, reflecting an increase of 36.1% from $1.57 billion in FY17.

For FY18, Workday reported a net loss of $321.2 million, or $1.55 loss per diluted share, compared to a net loss of $384.7 million, or $1.94 loss per diluted share, in FY17. The Company's non-GAAP net income was $1.03 per diluted share compared to $0.23 per diluted share in FY17.

Cash Matters

For FY18, Workday's operating cash flow was $465.7 million, representing a growth of 33% from $350.6 million in FY17. The Company's free cash flow was also strong, increasing to $324 million in FY18, up 41% on a y-o-y basis. The operating and free cash flow strength was primarily driven by unusually strong customer collections in Q4 FY18.

Workday's cash, cash equivalents, and marketable securities were $3.3 billion as of January 31, 2018. The Company's unearned revenues were over $1.5 billion in FY18, reflecting an increase of 25.8% from FY17.

Outlook

For Q1 FY19, Workday is forecasting subscription revenues to be between $514 million and $516 million, while for FY19, subscription revenues are estimated to be between $2.265 billion to $2.280 billion, representing a y-o-y growth of 27% to 28% on a y-o-y basis.

For Q1 FY19, Workday is projecting non-GAAP operating margins of approximately 10% to 11%. The Company expect its non-GAAP operating margins to be approximately 12% for FY19. Workday is anticipating an operating cash flow growth of 30% for FY19, resulting in an operating cash flow margin of over 22%.

Stock Performance Snapshot

April 06, 2018 - At Friday's closing bell, Workday's stock fell 2.71%, ending the trading session at $122.58.

Volume traded for the day: 1.30 million shares.

Stock performance in the last three-month ? up 12.20%; previous six-month period ? up 16.45%; past twelve-month period ? up 48.76%; and year-to-date ? up 20.48%

After last Friday's close, Workday's market cap was at $25.07 billion.

The stock is part of the Technology sector, categorized under the Application Software industry.

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