NASDAQ$WDAY
Workday Inc A · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Workday's Q1 2021 financial results were announced, revealing revenue growth and strategic adjustments amid the COVID-19 pandemic.
Workday reported a solid first quarter with total revenues of $1.02 billion, up 23.4% year-over-year, and subscription revenue of $882.0 million, up 25.8% year-over-year. The company is adjusting its fiscal 2021 subscription revenue guidance due to the near-term impact of COVID-19 while raising its non-GAAP operating margin guidance.
- Total revenues reached $1.02 billion, a 23.4% increase year-over-year.
- Subscription revenue was $882.0 million, reflecting a 25.8% increase year-over-year.
- The company is reducing its fiscal 2021 subscription revenue guidance to account for the near-term impact from COVID-19.
- Workday is raising its fiscal 2021 non-GAAP operating margin guidance to 16.0%.
Headline financials
Revenue & EPS history
Workday · Revenue · Quarterly
$1.02B
Revenue by segment
Workday · $1.02B total across 2 segments · Q1 2021
- Subscription services$882M+25.8%86.6%
- Professional services$136M+10.0%13.4%
Forward guidance
Workday expects second-quarter subscription revenue of $913.0 million to $915.0 million and fiscal 2021 subscription revenue in a range of $3.67 billion to $3.69 billion. The company is raising its fiscal 2021 non-GAAP operating margin guidance to 16.0%.
Tailwinds
- The company expects second-quarter subscription revenue of $913.0 million to $915.0 million.
- Fiscal 2021 subscription revenue is projected to be in the range of $3.67 billion to $3.69 billion.
- The company is raising its fiscal 2021 non-GAAP operating margin guidance to 16.0%.
- Workday remains confident in the fundamental strength of its business model.
- The company plans to operate with agility while continuing to drive innovation to support sustainable, long-term growth.
Headwinds
- The company is reducing its fiscal 2021 subscription revenue guidance to account for the near-term impact from COVID-19.
- Unspecified risks related to the ongoing COVID-19 pandemic on our business, as well as our customers, prospects, partners, and service providers
- Unspecified risks related to breaches in our security measures, unauthorized access to our customers’ or other users’ personal data, or disruptions in our data center or computing infrastructure operations
- Unspecified risks related to service outages, delays in the deployment of our applications, and the failure of our applications to perform properly
- Unspecified risks related to adverse changes in general economic or market conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+0.5%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-1.7%
Avg return
30 days after
41%
22 / 54 earnings
Positive
+20.5%
Q4 2016
Best reaction
-15.3%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -4.6% | -7.6% | -12.9% | |
| Q4 2026 | -0.2% | +2.9% | -4.6% | |
| Q3 2026 | -3.0% | -8.7% | -5.6% | |
| Q2 2026 | -2.8% | +0.9% | +2.7% | |
| Q1 2026 | -12.4% | -11.8% | -12.5% | |
| Q4 2025 | +6.2% | -0.3% | -6.6% | |
| Q3 2025 | -5.3% | -6.6% | +0.6% | |
| Q2 2025 | +11.3% | +13.3% | +6.3% | |
| Q1 2025 | -15.0% | -17.1% | -15.7% | |
| Q4 2024 | -3.5% | -4.6% | -10.5% | |
| Q3 2024 | +11.7% | +15.7% | +17.1% | |
| Q2 2024 | +2.9% | +5.0% | +0.3% | |
| Q1 2024 | +10.1% | +6.6% | +13.3% | |
| Q4 2023 | +1.3% | +4.6% | +8.3% | |
| Q3 2023 | +15.6% | +17.7% | +15.5% | |
| Q2 2023 | +3.8% | +2.4% | -5.7% | |
| Q1 2023 | -3.5% | -5.0% | -7.6% | |
| Q4 2022 | +6.7% | +6.7% | +7.3% | |
| Q3 2022 | -4.8% | -8.8% | -9.0% | |
| Q2 2022 | +9.4% | +11.0% | +9.1% | |
| Q1 2022 | -3.1% | -3.3% | +2.7% | |
| Q4 2021 | -6.7% | -5.6% | -5.0% | |
| Q3 2021 | -6.4% | -4.7% | +8.0% | |
| Q2 2021 | +14.2% | +13.2% | +1.0% | |
| Q1 2021 | +8.4% | +5.7% | +11.4% | |
| Q4 2020 | -1.2% | -5.0% | -22.3% | |
| Q3 2020 | -3.8% | -3.3% | -2.6% | |
| Q2 2020 | -4.3% | -5.6% | -9.0% | |
| Q1 2020 | -3.6% | -3.1% | -2.1% | |
| Q4 2019 | -4.2% | -7.8% | -2.3% | |
| Q3 2019 | +12.5% | +13.2% | +9.4% | |
| Q2 2019 | -8.0% | -6.2% | -9.6% | |
| Q1 2019 | -4.2% | -2.3% | -8.1% | |
| Q4 2018 | -0.9% | +2.7% | -0.5% | |
| Q3 2018 | -10.2% | -15.8% | -11.3% | |
| Q2 2018 | +5.1% | +4.2% | +0.9% | |
| Q1 2018 | +4.4% | +2.7% | -3.0% | |
| Q4 2017 | -7.5% | -6.4% | -5.7% | |
| Q3 2017 | -15.3% | -12.8% | -21.6% | |
| Q2 2017 | +6.7% | +4.3% | +12.0% | |
| Q1 2017 | +1.8% | +5.4% | -1.8% | |
| Q4 2016 | +20.5% | — | — | |
| Q3 2016 | -0.7% | — | — | |
| Q2 2016 | +7.6% | — | — | |
| Q1 2016 | -11.0% | — | — | |
| Q4 2015 | -4.7% | — | — | |
| Q3 2015 | -6.1% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q1 2015 | +7.3% | — | — | |
| Q4 2014 | +16.9% | — | — | |
| Q3 2014 | +11.5% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -3.4% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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