Workday, Inc. (NASDAQ:WDAY) Jefferies Software Conference May 29, 2024 12:00 PM ET Company Participants Carl Eschenbach - Chief Executive Officer Conference Call Participants Brent Thill - Jefferies Brent Thill Carl, thanks so much for being here. Carl is one of the most respected leaders in our industry, and we're really lucky to have him. I've known him for two decades covering him at VMware and had incredible respect for what he's done. And he's been not only an incredible leader but incredibly gracious ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Workday Inc. (WDAY) recently announced that the Defense Intelligence Agency (DIA) has opted to utilize Workday Government Cloud to expedite human resource modernization initiatives. The Workday Government Cloud offers the essential tools and insights, enabling organizations to optimize their workforce efficiently. Its innovative features allow the agency to move as fast as private sector firms when it comes to hiring. With a unified data core, WDAY’s HR system eliminates inefficiencies in the talent acquisi ...

Workday stock is not cheap, but it's getting cheaper and could be worth buying soon.Shares of human-resources software maker Workday (WDAY -15.29%) tumbled 13.8% through 11:40 a.m. ET on Friday, despite beating expectations in the company's first-quarter 2024 earnings report Thursday night.Heading into earnings, analysts forecast Workday would earn $1.58 per share on sales of $1.97 billion. The company edged out the revenue prediction with sales of $1.99 billion, and beat the per-share guess soundly, earnin ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Workday (WDAY) .Workday currently has an average brokerage recommendation (ABR) of 1.71, on a s ...

Workday Inc. (WDAY) reported solid first-quarter fiscal 2025 results, with the bottom and the top lines surpassing the respective Zacks Consensus Estimate.The company reported revenue growth year over year, driven by solid customer wins across various industries, including education, financials, healthcare and more. Strategic expansions and strong contract renewals within the existing customer base also drove the top line. Management’s strong focus on innovations, AI integration and international expansion ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

PLEASANTON, Calif., May 24, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that Carl Eschenbach, CEO, Workday, will present at the Jefferies Software Conference on May 29, 2024 at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time. There will also be a live webcast of the event, available here.A replay of the presentation will be available on the Workday Investor Relations site for a minimum of 90 days aft ...

Key TakeawaysWorkday shares traded sharply lower in extended trading Thursday after the cloud-based professional services company provided softer-than-expected current-quarter and full-year subscription revenue guidance.The company lowered its full-year subscription revenue forecast, citing elevated sales scrutiny and lower customer headcount growth.Separately, the company announced a partnership with the Defense Intelligence Agency to modernize the government agency's human resources efforts.Monitor how th ...

财务数据和关键指标变化 - 第一季度订阅收入为18.15亿美元,同比增长19%,其中包括1个百分点的闰年影响 [40] - 第一季度专业服务收入为1.75亿美元,总收入为19.9亿美元,同比增长18% [40] - 美国收入为14.9亿美元,国际收入为4.97亿美元,均同比增长18% [40] - 12个月订阅收入后付款(CRPO)为66亿美元,同比增长18% [40] - 续订率保持在95%以上,净续订率超过100% [40] - 总订阅收入后付款为206.8亿美元,同比增长24% [41] - 第一季度非GAAP营业利润为5.15亿美元,非GAAP营业利润率为25.9% [41] - 第一季度经营活动现金流为3.72亿美元,同比增长34% [42] - 公司现金及可流动性证券为72亿美元 [42] 各条业务线数据和关键指标变化 - 财务管理(FINS)新客户和全平台客户均同比增长超过20% [17] - 超过90%的近2000个FINS客户也使用HCM平台 [17] - 第一季度新增了多个全平台HCM和FINS客户,包括Baptist Health、Covenant Health Systems、密尔沃基市和Owning Group [17] - 第一季度HCM业务新增了多个客户,包括ALS Group USA、Carhartt和一家大型财产险公司 [18] - 第一季度HCM业务还有多个战略性扩展和续约,包括ING Bank、Sandvik AB和Vallejo Management Services [18] 各个市场数据和关键指标变化 - 第一季度医疗保健行业新增合同价值(ACV)同比增长超过50% [24] - 专业服务行业业务已经接近10亿美元年经常性收入 [24] - 公共部门表现良好,除了联邦政府的国防情报局,还有多个州政府和地方政府的全平台客户 [25][26] - 教育行业第一季度Workday Student上线客户创纪录,今年已有20个新客户上线 [26] - 国际市场方面,法国、荷兰和日本表现良好,第一季度新增了OCP Group、Knight Frank和Aman Resorts等客户 [30] 公司战略和发展方向及行业竞争 - 公司正在加大对人工智能的投资,已有50多个AI应用在生产环境中使用,未来一年还将推出25个新的AI应用 [20][21][22] - 公司收购了HiredScore,获得了全面的AI驱动的人才获取和内部流动解决方案 [23] - 公司正在加大对行业垂直解决方案的投资,如医疗保健、公共部门、金融服务和专业服务等 [24][25][26] - 公司正在加大全球扩张力度,包括在英国投资超过5.5亿英镑,并将在2025年初在英国AWS云上提供本地HCM和财务解决方案 [28][29] - 公司的合作伙伴生态系统不断发展,在第一季度签署了与谷歌云和Kyriba的新合作伙伴关系 [31][32] 管理层对经营环境和未来前景的评论 - 第一季度公司经历了一些挑战,包括销售周期延长以及客户续约时新增员工人数低于预期 [13][43] - 公司认为这些因素将在短期内持续,因此调整了2025财年订阅收入指引 [13][44] - 尽管宏观环境存在不确定性,但公司正专注于自身可控的因素,如创新、扩大销售渠道和合作伙伴生态系统,以及为客户创造价值 [14] - 公司相信自身的领导地位、投资AI、解决客户关键需求的能力,以及与客户和合作伙伴的深厚关系,将有助于长期保持市场领导地位 [36][37] 其他重要信息 - 公司在第一季度完成了对HiredScore的收购,并与谷歌云和Kyriba建立了新的合作关系 [23][31][32] - 公司将在两周内举办年度开发者大会DevCon,届时将发布新的合作伙伴计划,使合作伙伴能够在Workday平台上构建、分发和盈利 [33] - 公司的Workday Extend平台已有900多个客户和1600多个应用,正在推出Extend Pro版本,提供AI网关和开发者助手等功能 [34][35] - 公司将在下个月推出AI市场,让客户可以访问Workday自身的AI能力以及来自第三方合作伙伴的解决方案 [35] 问答环节重要的提问和回答 问题1 **Kash Rangan 提问** 销售周期延长和客户人员增长放缓是否主要集中在EMEA地区,还是在美国也有类似情况?合作伙伴带来的新业务增长是否可以弥补这些因素的影响,从而使全年指引回到正轨? [51] **Carl Eschenbach 和 Zane Rowe 回答** - 销售周期延长和人员增长放缓的情况并非仅限于EMEA,而是全球性的 [52][53][54][55] - 合作伙伴带来的新业务增长有望在未来几年支持公司的增长,但短期内对本财年的影响有限 [56][57] 问题2 **Mark Murphy 提问** 客户人员增长放缓是否与整体就业市场增速放缓相吻合?这种趋势是否会更多地体现在HCM业务,而不是财务业务? [60] **Zane Rowe 和 Doug Robinson 回答** - 客户人员增长确实低于公司之前的预期,与整体就业市场增速放缓的趋势相吻合 [61][62][63] - 这种趋势在HCM和财务业务中均有体现,不存在明显差异 [64][65] 问题3 **Kirk Materne 提问** 公司是否采取了一些措施来确保全年指引的合理性,比如对销售渠道转化率等做出调整? [69] **Zane Rowe 和 Carl Eschenbach 回答** - 公司在预