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WDAY Workday

Workday, Inc., is an American on-demand financial management and human capital management software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005.

Company profile

Ticker
WDAY
Exchange
Website
CEO
Aneel Bhusri
Employees
Incorporated
Location
Fiscal year end
Former names
North Tahoe Power Tools Inc, Workday Inc
SEC CIK
IRS number
202480422

WDAY stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 May 21
17 Jun 21
31 Jan 22
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Jan 19 Jan 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Workday earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 967.81M 967.81M 967.81M 967.81M 967.81M 967.81M
Cash burn (monthly) 140.04M 21.03M 12.77M 11.87M (positive/no burn) (positive/no burn)
Cash used (since last report) 223.13M 33.5M 20.35M 18.92M n/a n/a
Cash remaining 744.68M 934.31M 947.46M 948.9M n/a n/a
Runway (months of cash) 5.3 44.4 74.2 79.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 21 Michael C Bush Class A Common Stock Grant Aquire A No No 0 1,398 0 8,864
8 Jun 21 Still George J JR Class A Common Stock Grant Aquire A No No 0 2,053 0 36,852
8 Jun 21 David A Duffield Class A Common Stock Grant Aquire A No No 0 1,398 0 104,395
8 Jun 21 Davies Christa Class A Common Stock Grant Aquire A No No 0 1,834 0 175,972
8 Jun 21 Yang Jerry Class A Common Stock Grant Aquire A No No 0 1,725 0 89,980

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 753 757 -0.5%
Opened positions 99 164 -39.6%
Closed positions 103 76 +35.5%
Increased positions 280 295 -5.1%
Reduced positions 257 194 +32.5%
13F shares
Current Prev Q Change
Total value 41.78B 39.75B +5.1%
Total shares 168.29M 165.92M +1.4%
Total puts 4.53M 3.97M +14.2%
Total calls 2.62M 4.26M -38.4%
Total put/call ratio 1.7 0.9 +85.4%
Largest owners
Shares Value Change
Vanguard 11.32M $2.81B +2.5%
Baillie Gifford & Co 10.23M $2.54B +23.2%
BLK Blackrock 9.22M $2.29B +2.1%
Wellington Management 9.04M $2.25B -1.5%
TROW T. Rowe Price 8.58M $2.13B +2.5%
FMR 4.74M $1.18B -11.7%
Jennison Associates 4.5M $1.12B -3.3%
JPM JPMorgan Chase & Co. 4.16M $1.03B -0.3%
Tiger Global Management 4.13M $1.03B 0.0%
MS Morgan Stanley 3.69M $916.23M -33.3%
Largest transactions
Shares Bought/sold Change
Lone Pine Capital 2.15M +2.15M NEW
Norges Bank 0 -2.04M EXIT
Baillie Gifford & Co 10.23M +1.92M +23.2%
MS Morgan Stanley 3.69M -1.84M -33.3%
Whale Rock Capital Management 1.55M +1.55M NEW
Clearbridge Advisors 2.46M +1.37M +124.8%
JHG Janus Henderson 3.31M +1.14M +52.2%
Viking Global Investors 0 -707.83K EXIT
BAC Bank Of America 2.61M +675.25K +34.9%
FMR 4.74M -624.94K -11.7%

Financial report summary

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Risks
  • The extent to which the ongoing COVID-19 pandemic, the resulting global economic volatility, and measures taken in response to the pandemic will continue to impact our business, financial condition, and operating results will depend on future developments, which are highly uncertain and difficult to predict.
  • If we fail to properly manage our technical operations infrastructure, experience service outages, undergo delays in the deployment of our applications, or our applications fail to perform properly, we may be subject to liabilities and our reputation and operating results may be adversely affected.
  • We depend on data centers and computing infrastructure operated by third parties, and any disruption in these operations could adversely affect our business and operating results.
  • We may lose key employees or be unable to attract, train, and retain highly skilled employees.
  • If we cannot maintain our corporate culture, we could lose the innovation, teamwork, and passion that we believe contribute to our success, and our business may be harmed.
  • Our business could be adversely affected if our users are not satisfied with the deployment, training, and support services provided by us and our partners.
  • Our future success depends on the rate of customer subscription renewals or adoptions, and our revenues or operating results could be adversely impacted if we do not achieve renewals and adoptions at expected rates or on anticipated terms.
  • Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business.
  • We have experienced rapid growth, and if we fail to manage our growth effectively, we may be unable to execute our business plan, maintain high levels of service and operational controls, or adequately address competitive challenges.
  • If we fail to develop widespread brand awareness cost-effectively, our business may suffer.
  • We have acquired, and may in the future acquire, other companies, employee teams, or technologies, which could divert our management’s attention, result in additional dilution to our stockholders, and otherwise disrupt our operations and adversely affect our operating results.
  • Sales to customers outside the United States or with international operations expose us to risks inherent in global operations.
  • The markets in which we participate are intensely competitive, and if we do not compete effectively, our operating results could be adversely affected.
  • If we are not able to realize a return on our current development efforts or offer new features, enhancements, and modifications to our services that are desired by current or potential customers, our business and operating results could be adversely affected.
  • Our growth depends on the success of our strategic relationships with third parties as well as our ability to successfully integrate our applications with a variety of third-party technologies.
  • If we are not able to realize a return on the investments we have made toward entering new markets and new lines of business, our business and operating results could be adversely affected.
  • If our security measures are breached or unauthorized access to customer or user data is otherwise obtained, our applications may be perceived as not being secure, customers and end users may reduce the use of or stop using our applications, and we may incur significant liabilities.
  • Privacy concerns and domestic or foreign laws and regulations may reduce the effectiveness of our applications, result in significant costs and compliance challenges, and adversely affect our business and operating results.
  • Any failure to protect our intellectual property rights domestically and internationally could impair our ability to protect our proprietary technology and our brand.
  • We may be sued by third parties for alleged infringement of their proprietary rights.
  • Some of our applications utilize open source software, and any failure to comply with the terms of one or more of these open source licenses could negatively affect our business.
  • Unfavorable laws, regulations, interpretive positions or standards governing new and evolving technologies that we incorporate into our products and services could result in significant cost and compliance challenges and adversely affect our business and operating results.
  • We are subject to risks related to government contracts and related procurement regulations, which may adversely impact our business and operating results.
  • We may not be able to utilize a portion of our net operating loss or research tax credit carryforwards, which could adversely affect our profitability.
  • Unanticipated tax laws or any change in the application of existing tax laws to us or our customers, especially those limiting our ability to utilize our net operating loss and research tax credit carryforwards, may increase the costs of our services and adversely impact our profitability and business.
  • Our historic revenue growth rates should not be viewed as indicative of our future performance.
  • Because we encounter long sales cycles when selling to large customers and we recognize subscription services revenues over the term of the contract, downturns or upturns in new sales will not be immediately reflected in our operating results and may be difficult to discern.
  • We have a history of cumulative net losses, and we do not expect to be profitable on a GAAP basis for the foreseeable future.
  • We have substantial indebtedness which may adversely affect our financial condition and operating results.
  • Our convertible note hedge and warrant transactions may affect the value of our Class A common stock.
  • We are subject to risks associated with our equity investments, including partial or complete loss of invested capital, and significant changes in the fair value of this portfolio could adversely impact our financial results.
  • Our Co-Founders have control over key decision making as a result of their control of a majority of our voting stock.
  • The dual class structure of our common stock has the effect of concentrating voting control with our Co-Founders, as well as with other executive officers, directors, and affiliates, which limits or precludes the ability of non-affiliates to influence corporate matters.
  • Our stock price has been volatile in the past and may be subject to volatility in the future.
  • Delaware law and provisions in our restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the market price of our Class A common stock.
  • The exclusive forum provision in our organizational documents may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or any of our directors, officers, or other employees, which may discourage lawsuits with respect to such claims.
  • We do not intend to pay dividends for the foreseeable future.
  • Adverse economic conditions may negatively impact our business.
  • Catastrophic or climate-related events may disrupt our business.
  • We may discover weaknesses in our internal controls over financial reporting, which may adversely affect investor confidence in the accuracy and completeness of our financial reports and consequently the market price of our securities.
Management Discussion
  • Total revenues were $1.2 billion for the three months ended April 30, 2021, compared to $1.0 billion during the prior year period, an increase of $157 million, or 15%. Subscription services revenues were $1.0 billion for the three months ended April 30, 2021, compared to $882 million for the prior year period, an increase of $150 million, or 17%. The increase in subscription services revenues was primarily due to an increased number of customer contracts as compared to the prior year period. Professional services revenues were $143 million for the three months ended April 30, 2021, compared to $136 million for the prior year period, an increase of $6 million, or 5%. The increase in professional services revenue was primarily due to Workday performing deployment and integration services for a greater number of customers than in the prior year period.
Content analysis
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Readability
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