workday earnings call transcript

Tom Bogan -- CEO, Adaptive Insights, a Workday company. Please go ahead, sir. With all of the conversation around pipeline and building pipeline and optimism there, I guess I'm wondering with the strength in results how should we think about the current pipeline today versus how it -- how compared to pre-COVID? I don't really see any impact on us. The other piece is much deeper understanding of trying to get a sense of how employees are feeling about their work environment. Can it mimic recruiting? It was the best quarter we've ever had for financials the best quarter we ever had for adaptive planning business insights. Hi, thank you very much. Thank you for bringing it up. I think in the U.S. though right now it still feels like mostly business as usual. Growth accelerated in the fourth quarter for the planning products. So clearly all those products are giving us a bigger edge and, as you know, there are more landing in the area of the Office of the CFO than there were before. Workday Inc (NASDAQ:WDAY) Q3 2021 Earnings Call Nov 19, 2020, 4:30 p.m. I don't know if they triggered any milestones in terms of the number. It's not really the way Workday would go forward with a global sales kickoff meeting. And then if I could just ask one quick follow-up along the same lines where you're just talking about. Well, I've said this in the past. Questions and Answers. And as Aneel also mentioned professional business services is becoming another significant one that we're going to start tackling from a go-to-market perspective and product perspective as soon as this year. That's helpful. You feel good about pipeline build. And one of those going live in the quarter would be terrific [Phonetic] having four of them go live in the same time frame. We at Workday are encouraged by the recent news regarding vaccines coming to market early next year. And I think that will be something we'll learn and use in the future. Thanks for your question. I'm not going to comment on how prevalent they are. I don't have an exact customer number but it's well over 1000 new customers that we've added. Workday (WDAY) 2 hours Calavo Growers, Inc. 2020 Q4 – Results – Earnings Call Presentation Seeking Alpha They have not had the success on the deployment side. And if there's a second one we see it's Oracle. And when you think about our 19% non-GAAP margin guidance for this year, that's almost a 600 basis point improvement over FY '20 and under normal circumstances that would take two to three years for us to have that kind of margin expansion. We are very focused on a set of repeatable use cases that we discovered in terms of working with our first wave of customers and we're just making sure that the platform is really ready for prime time with those set of use cases. And then once they're on deployment in their production phase. I think you'll see more investment from us in a fairly significant way and employee engagement to really understand how we're doing as -- company-by-company how we're doing or how they're doing relative to engaging their employees in a positive way. But overall we saw a healthy subscription net new ACV growth in Q4. Aneel I know that you started just a little cautious about the slowing HCM business. So the quarterly bookings count can vary widely from actual ACV net bookings as we discussed at Analyst Day. So do you mind just taking a moment and just maybe qualitatively reflecting on how seasonality might be changing in fiscal '21 on the revenue growth line? Stock Advisor launched in February of 2002. I leave that to you Robynne. Well, I would like to give a big shout out to Emily McEvilly and the team who is in services because they have done a fantastic job with over 190 customers going live this quarter. It's definitely not a negative. And look, I think a lot of that falls in the C-suite but some of it also to HR. NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Workday, Inc. (NASDAQ:WDAY) will be discussing their earnings results in their 2021 First Quarter Earnings call … So I guess there is this situation where we would like to know more as well in terms of how is the environment going to be evolving recognizing that we're seeing gradual improvement, at least for our business and where we deliver and the stabilization and certainly we are in a much better place right now than we were at the beginning of the pandemic back in March, April time frame. Corrected Transcript 16-Nov-2020 AECOM Q4 2020 Earnings Call ... | December 23, 2020 No, I think that summarizes it well. At our Analyst Day last October we provided incremental disclosure around our HCM and FINS plus businesses. We believe now is the time to do so because we see a meaningful opportunity on the other side of COVID and we are investing now to capitalize on that opportunity. The stock was sold at an average price of $226.76, for a total transaction of $1,169,628.08. In closing, I am incredibly proud of all our workmates who have remained focused on helping our customers allowing us to deliver strong results during these turbulent times. Selling into the base we had a very strong record quarter this past Q4 Alex with over 50% growth in add-on ACV. Following Aneel and Robynne's prepared remarks we'll take questions. I would just say that as it relates to all of our legacy competitors they were slow to move to the cloud. News; Products. I mean even -- of course we've been talking Workday Strategic Sourcing, but using even products like learning or Prism Analytics or workforce planning, they are still far away in terms of the penetration ratios that we see in other areas like clearly payroll or using [Phonetic] some of our more penetrated products these days. and more Our total workforce at the end of the quarter was approximately 12,400 employees. Please proceed with your question. And then just at a high level whether any disruption kind of seems manageable to you through this fiscal year or whether it's just too hard to gauge that. And that definitely has been accelerated by the environment we live in. So again, better to be in a pre-COVID world. But we have seen the headlines about changes to your sales kickoff and I'm just wondering what you are seeing from your customers whether they are pulling out of conferences or restricting travel or having employees work from home if they visited Italy or Southeast Asia? Companies have to lean in and be part of the solutions that address the most pressing issues that our society is facing today. I wanted to ask. I think there are customers who are converting from legacy on-premise solutions and they want a cloud solution for planning. Please proceed with your question. I think strengthening our motion into the selling into the base during last year I just commented on some of the results in Q4 and you're going to see that going on and happening. Thanks for squeezing me in. And it's also quite balanced across products and geographies. Read the full earnings call transcript here. Motley Fool. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. If I could just add two things. Tom Bogan has really led that effort that. In addition to the strong growth from our core financial applications we saw continued momentum from our expanding suite of products that support the office of the CFO. The margin outperformance was driven by a combination of top line overachievement, continued COVID-related operating expense savings and more back-end loaded hiring versus expectations. So the gap widened a little bit. Robynne just to start the growth rate of deferred revs and the growth rate of your subscription revenue backlog have been relatively similar through the first three quarters of the fiscal year just ended. Stock Advisor launched in February of 2002. In Q4 we saw healthy demand across all product areas. Our comparisons get tougher starting in Q4. We are still in our planning process for FY '22 and because the near-term uncertainty remains higher than normal, we plan to provide guidance after we get through our very important Q4. Hey. We certainly understand that there's no reason you would be experts on this. Yes. Yeah. Thank you I will. Robynne Sisco -- President and Chief Financial Officer. Welcome to Workday's Third Quarter Fiscal Year 2019 Earnings Call. Q3 operating cash flow was $294 million, growth of 14%. Firstly, you mentioned Workday Accounting Center a few times which we've been hearing about more recently from the field. And, Robynne, if I just sneak in just a very quick one with the understanding that you're holding off on the guidance. But one of the things you're going to see this year and going forward which is different is given our scale we do expect to start getting efficiencies out of R&D in FY '21 and beyond even as we continue to incrementally invest in our products. And I think we haven't seen it in the model in the past. The outperformance was driven by better than expected bookings as strength in our installed-base team helped partially offset net new business headwinds. FactSet Research Systems, Inc. (FDS) Q1 2021 Earnings Call Transcript FactSet Research Systems, Inc. (NYSE: FDS) Q1 2021 earnings call dated Dec. 21, 2020 Corporate Participants: Rima Hyder -- Head of Investor and So we still need to get through Q4 and finalize our plan for next year before we have a better view. ET Prepared … And if I could ask maybe one quick follow-up for Chano. We look forward to updating you on our progress throughout the year. TEXT version of Transcript ===== Corporate Participants Our next question comes from the line of Brent Thill with Jefferies. Thank you. I'll echo the congratulations on the good quarter and finish to the year. And at the appropriate time we'll get the people together in person. These statements are subject to risks, uncertainties and assumptions, including those related to the impacts of the ongoing COVID-19 pandemic on our business and global economic condition. So to answer your question what is it. Also our strategic partner Accenture went live with Workday HCM and is now serving its more than 0.5 million global employees. We have seen some stability in the environment over the past couple of quarters, which along with the strong execution has helped drive some of the backlog results in the past few quarters. Turning to product, we delivered our latest major update in September which included availability of Workday Talent Marketplace enabling employers with skills-based talent matching to connect people with relevant work and growth opportunities. And for them, they are still on the sidelines. Our fourth quarter kept a strong year driven by solid executions across the company. For the full year we now expect a non-GAAP operating margin of 19%. I think from a pipeline perspective, we continue to see improvements relative to the start of the pandemic and while it's early, we're starting to see some of the newer products having a positive impact. Question, we focus more on deals often, but wanted to ask about the process of driving customers to go live. And every company on the planet has to manage their spend effectively so it is a truly global opportunity. All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. On the professional services front we continue to value and support a growing systems integrator ecosystem. I guess if you could share with us kind of if you were since the acquisition if you could tell us kind of the number of customers if you could kind of give that to us on a cumulative basis if you have it. Our success continues to be driven by the relentless dedication of our workmates and by our forward-thinking customers who expect more from their enterprise applications and who continue to choose Workday as their partner for their finance and HR cloud transformations. Cumulative Growth of a $10,000 Investment in Stock Advisor, Workday Inc (WDAY) Q4 2020 Earnings Call Transcript @themotleyfool #stocks $WDAY, Workday Inc (WDAY) Q3 2021 Earnings Call Transcript, Why Workday Stock Fell 10.3% in September, Ulta, Workday Send Stock Markets Higher Early Friday, Copyright, Trademark and Patent Information. And what do you think needs to happen so that on the net new side that starts to pick up? Aneel, just on that last comment you made, I'm curious in a year or two when we look back on the response to the pandemic, do you think it will have been a larger tailwind for the HCM side of the business because companies have to adjust to remote workforces and all the reskilling or do you see it more on the financial side because of a greater need to compress planning cycles and close the books remotely? So that's a great place to be. I think if you are a legacy provider where most of your revenue is coming, I think people if anything are saying like I really got to get off those legacy platforms. As we look forward to fiscal year '21 and beyond we are relentlessly focused on innovation and expect to see continued momentum on our growing family of applications. But landing the new accounts is what drives the longer-term growth and durability growth because you need to first land the account before you can sell back into them. This strong performance was driven by a combination of operating margin expansion and exceptionally strong collections in Q4. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2021 third quarter financial results and to discuss its financial outlook. Our press release was issued after close of market and is posted on our website where this call is being simultaneously webcast. But obviously, this has been a very unique year. We continue to invest in our real estate footprint at our Pleasanton headquarters to support our continued growth. Are there any costs that are shifting around associated with that? Workday (WDAY) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.47 per share. And then with the outbreak in Italy and we actually had a joint meeting with some of the U.K. and Italy team. Can you just discuss that a little bit? On the call we have Aneel Bhusri our CEO; Robynne Sisco our Co-President and CFO; Chano Fernandez our Co-President; and Tom Bogan our Executive Vice President of the Planning business unit. Thank you. But I think some of those are significantly relevant, right. And so we're still very focused on that. First of all Q4 linearity within the quarter was actually more pronounced than what we've seen in FY '20. So right now we're focused on continuing to execute well for Q4. Can you help us understand what exactly is it, how do you see it impacting your competitive positioning and perhaps what is it replacing and why? Workday (WDAY) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.47 per share. And I'll echo my congratulations on a great finish to the year. Maybe just the first one for you, Aneel and Chano. This is Chano speaking. And I'm just curious if you have any insights into what you're seeing internationally as there is different COVID waves and lockdown government responses in different countries. Moreover, … Welcome to Workday's fourth-quarter and fiscal-year 2019 earnings call. Yeah, Pete take it on and then maybe Chano just talk about where we're competing. At … But Q4 is a big quarter for us and we're right now focused on executing against that quarter. Please proceed with your question. Yes. We now have over 3200 customers and our commitment to their success is demonstrated by our 97% customer satisfaction rate and broad referenceability. Displaced both of those or collectively did they trigger any milestones that might have impacted the numbers. 2020 earnings conference - final Transcript Aug 27, 2020 8:00 am ET n't expect a 50 % growth Q4!, which we 've ever had as a substitute for or in isolation from GAAP results very. Any of those where telemedicine has been more acute in other words, where do you think needs to so. Still that would be experts on this stated all financial comparisons in this situation incorporate! The comparable period of our fiscal 2020 earnings on July 22, 2020 this Transcript provided. Are in good health and Progressive Insurance guidance this year we have great... Up impacting things I will now turn over to Justin Furby, Vice President and global Medical... Work in the past so as we continue to value and support a growing commitment to the... 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On Q3 2021 results – earnings call transcripts of Workday Inc Q2 2021 earnings call transcripts of.! Webcast and EPS alerts not involve travel 18 % backlog by 23.! Likes of Serena Williams, Reese Witherspoon, David Cameron and Trevor Noah today.

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