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Workday Inc Class A - Stock Quote WDAY

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Morningstar's Workday Inc Class A Stock Analysis

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Workday Posts Strong Q4 From Digital Transformation Trends; Shares Fairly Valued

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Wide-moat Workday posted strong fourth-quarter results, with revenue beating both our and FactSet expectations and adjusted EPS falling in line with our expectations. Workday continued to recognize broad-based growth stemming from the sustained digital transformation by enterprises. Workday continues to achieve wins within its flagship human capital management vertical, now servicing over 70% of the financial services firms within the Fortune 500. With an increased customer landscape, it is paramount for Workday to gain clients and retain existing ones. In the quarter, Workday had growth re-acceleration and a net retention rate of over 100%. Workday continues to invest in its employee base by adding 1,000 employees in the fourth quarter bringing its employee total to over 15,200, up 21% year over year. Displaying its commitment to invest in employees, Workday has initiated a companywide performance-based cash bonus program, which we think will enable it to keep up its best-of-breed offerings, as we expect the headcount growth to lead to Workday's expansion further into the ERP portfolio.

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Workday Inc Class A's Company Profile

Business Description

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.

6110 Stoneridge Mall Road
Pleasanton, CA, 94588
T +1 925 951-9000
Sector Technology
Industry Software - Application
Most Recent Earnings Jan 31, 2022
Fiscal Year End Jan 31, 2023
Stock Type Speculative Growth
Employees 15,200

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