Workday 4Q Revenue Jumps Amid Customer Wins, International Growth

By Sabela Ojea

Workday swung to a profit in the latest quarter amid a jump in revenue, citing continued momentum from customer wins and its international expansion.

The cloud enterprise company for finance and human resources on Monday posted a fourth-quarter net profit for the three months ended Jan. 31 of $1.2 billion, or $4.42 a share, compared with a loss of $126 million, or 49 cents a share, for the same period a year ago.

Stripping out one-time items, the company's earnings per share came in at $1.57. Analysts polled by FactSet had forecast adjusted earnings per share of $1.47.

Revenue jumped 17%, to $1.92 billion, in line with analysts expectations. Subscription revenue rose to $1.76 billion from $1.65 billion in the year-ago period and $1.69 billion in the third quarter.

"Our outlook contemplates incremental investments to support enduring growth, while at the same time calls for continued margin expansion as we scale and optimize the business," Finance Chief Zane Rowe said as the company reiterated its guidance for fiscal 2025 as a whole.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

February 26, 2024 16:37 ET (21:37 GMT)

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