Skip to Content
Global News Select

Workday's 1Q Losses Narrow As Sales Rise

By Kimberly Chin


Workday Inc.'s losses narrowed in the first quarter while revenue rose 15% as businesses continued to increase their use of cloud-based online services during the Covid-19 pandemic.

The developer of enterprise cloud applications reported a loss of $46.5 million, compared with a loss of $158.4 million in the comparable period a year earlier. Workday had a loss of 19 cents a share for the quarter, compared with a loss of 68 cents a share a year ago.

On an adjusted basis, earnings were 87 cents a share, up from 44 cents a share last year. Analysts had expected an adjusted profit of 73 cents a share, according to FactSet.

Revenue increased to $1.18 billion from $1.02 billion a year ago. Analysts were expecting revenue of $1.16 billion. Subscription revenue reached $1.03 billion, a 17% increase from the year-earlier period.

"It was a strong start to the year as more organizations turn to Workday to accelerate their digital transformation efforts and meet the evolving finance and workforce demands for a post-pandemic world," Co-Chief Executive, Co-Founder and Chairman Aneel Bhusri said in prepared remarks.


Write to Kimberly Chin at


(END) Dow Jones Newswires

May 26, 2021 16:33 ET (20:33 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.