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Workday (WDAY)

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
Subsidiaries
Adaptive Insights Co., Ltd. • Adaptive Insights Limited • Adaptive Insights LLC • Adaptive Insights Pty Ltd. • Adaptive Insights, Ltd. • Adaptive Planning, Inc. • Canada Workday ULC • Peakon ApS • Peakon GmbH • Peakon Ltd ...
IRS number
202480422

WDAY stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 May 22
26 Jun 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.79B 2.79B 2.79B 2.79B 2.79B 2.79B
Cash burn (monthly) (no burn) (no burn) 31M 12.47M (no burn) (no burn)
Cash used (since last report) n/a n/a 59.15M 23.78M n/a n/a
Cash remaining n/a n/a 2.73B 2.76B n/a n/a
Runway (months of cash) n/a n/a 88.0 221.6 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 22 Yang Jerry Class A Common Stock Grant Acquire A No No 0 2,564 0 92,544
22 Jun 22 Thomas F Bogan Class A Common Stock Grant Acquire A No No 0 2,077 0 44,084
22 Jun 22 Still George J JR Class A Common Stock Grant Acquire A No No 0 3,051 0 159,903
22 Jun 22 Styslinger Lee J Iii Class A Common Stock Grant Acquire A No No 0 2,321 0 33,962
13F holders Current Prev Q Change
Total holders 823 1 +82200.0%
Opened positions 822 0 NEW
Closed positions 0 773 EXIT
Increased positions 0 1 EXIT
Reduced positions 1 0 NEW
13F shares Current Prev Q Change
Total value 41.17B 2.67B +1442.6%
Total shares 172.03M 9.77M +1660.7%
Total puts 8.93M 0 NEW
Total calls 7.53M 0 NEW
Total put/call ratio 1.2
Largest owners Shares Value Change
Vanguard 12.15M $2.91B NEW
BLK Blackrock 11.49M $2.75B NEW
Baillie Gifford & Co 7.75M $1.86B NEW
Wellington Management 7.09M $1.7B -27.5%
JHG Janus Henderson 6.21M $1.49B NEW
Lone Pine Capital 5.12M $1.23B NEW
STT State Street 4.18M $1B NEW
JPM JPMorgan Chase & Co. 3.93M $941.46M NEW
FMR 3.82M $915.27M NEW
GS Goldman Sachs 3.58M $857.79M NEW
Largest transactions Shares Bought/sold Change
Vanguard 12.15M +12.15M NEW
BLK Blackrock 11.49M +11.49M NEW
Baillie Gifford & Co 7.75M +7.75M NEW
JHG Janus Henderson 6.21M +6.21M NEW
Lone Pine Capital 5.12M +5.12M NEW
STT State Street 4.18M +4.18M NEW
JPM JPMorgan Chase & Co. 3.93M +3.93M NEW
FMR 3.82M +3.82M NEW
GS Goldman Sachs 3.58M +3.58M NEW
BEN Franklin Resources 3.47M +3.47M NEW

Financial report summary

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Risks
  • The extent to which the ongoing COVID-19 pandemic, the continuing global economic and geopolitical volatility, and measures taken in response to such events 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.
  • Social and ethical issues relating to the use of new and evolving technologies, such as machine learning and AI, in our offerings may result in reputational harm and liability.
  • Our aspirations and disclosures related to environmental, social, and governance (“ESG”) matters expose us to risks that could adversely affect our reputation and performance.
  • If our information technology systems are compromised or unauthorized access to customer or user data is otherwise obtained, our applications may be perceived as not being secure, our operations may be disrupted, our applications may become unavailable, customers and end users may reduce the use of or stop using our applications, and we may incur significant liabilities.
  • Privacy concerns, evolving regulation of cloud computing, cross-border data transfer, and other domestic or foreign laws and regulations may reduce the adoption 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.
  • Adverse litigation results could have a material adverse impact on our business.
  • 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 losses, and we may not achieve or sustain profitability on a GAAP basis in the 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 $1.4 billion for the three months ended April 30, 2022, compared to $1.2 billion for the prior year period, an increase of $260 million, or 22%. Subscription services revenues were $1.3 billion for the three months ended April 30, 2022, compared to $1.0 billion for the prior year period, an increase of $240 million, or 23%. The increase in subscription services revenues was primarily due to an increased number of customer contracts and strong customer renewals, with gross retention over 95%. Professional services revenues were $163 million for the three months ended April 30, 2022, compared to $143 million for the prior year period, an increase of $20 million, or 14%. The increase in professional services revenues was primarily due to Workday performing deployment and integration services for a greater number of customers.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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Patents

Utility
Project discovery for automated compilation, testing, and packaging of applications
14 Jun 22
A system for discovering a task list includes an interface and a processor.
Utility
Automated cluster execution support for diverse code sources
7 Jun 22
A system for automated cluster execution support includes and interface, a linking storage system, and a processor.
Utility
Outlier identification and removal
7 Jun 22
A system for outlier detection and removal comprises an interface and a processor.
Utility
Systems and Methods for Improving Computational Speed of Planning by Tracking Dependencies In Hypercubes
26 May 22
A system for updating a hypercube includes an interface and a processor.
Utility
System and method for blockchain-based device authentication based on a cryptographic challenge
17 May 22
A system for blockchain-based authentication comprises an interface and a processor configured to (i) receive, by a first device, a command from a second device, where the first device is associated with a first trust certificate, (ii) receive a second trust certificate from the second device, (iii) communicate a cryptographic challenge using a public key of the second device to the second device, (iv) receive a response to the cryptographic challenge from the second device, (v) check whether the response matches with a predetermined correct response or not, and (vi) authenticate the second device and execute the commend received from the second device only if the response matches with the predetermined correct response.