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WDAY Workday

Workday, Inc. engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A. Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, CA.

Company profile

Ticker
WDAY
Exchange
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

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Mar 21
6 Mar 21
31 Jan 22
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 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) 1.39B 1.39B 1.39B 1.39B 1.39B 1.39B
Cash burn (monthly) (positive/no burn) (positive/no burn) 24.44M 20.72M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 29.13M 24.7M n/a n/a
Cash remaining n/a n/a 1.36B 1.36B n/a n/a
Runway (months of cash) n/a n/a 55.6 65.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 252.9662 9,016 2.28M 102,997
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 252.0731 43,324 10.92M 112,013
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 251.1541 36,633 9.2M 155,337
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 250.2228 27,164 6.8M 191,970
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 248.9806 20,085 5M 219,134
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 248.2011 30,441 7.56M 239,219
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 247.0547 18,261 4.51M 269,660
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 246.2846 11,500 2.83M 287,921
1 Mar 21 David A Duffield Class A Common Stock Sell Dispose S No Yes 245.2278 3,700 907.34K 299,421
1 Mar 21 David A Duffield Class A Common Stock Conversion Aquire C No No 0 200,124 0 303,121
92.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 742 669 +10.9%
Opened positions 152 102 +49.0%
Closed positions 79 65 +21.5%
Increased positions 294 259 +13.5%
Reduced positions 194 213 -8.9%
13F shares
Current Prev Q Change
Total value 39.7B 35.54B +11.7%
Total shares 165.72M 161.95M +2.3%
Total puts 3.97M 2.3M +72.4%
Total calls 4.26M 3.2M +33.1%
Total put/call ratio 0.9 0.7 +29.5%
Largest owners
Shares Value Change
Vanguard 11.05M $2.65B +4.3%
Wellington Management 9.18M $2.2B +22.0%
BLK Blackrock 9.04M $2.17B +6.5%
TROW T. Rowe Price 8.37M $2B -30.2%
Baillie Gifford & Co 8.31M $1.99B +1.3%
MS Morgan Stanley 5.53M $1.32B -8.4%
FMR 5.36M $1.28B -19.0%
Jennison Associates 4.66M $1.12B +7.0%
JPM JPMorgan Chase & Co. 4.18M $1B +60.6%
Tiger Global Management 4.13M $988.98M +11.4%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 8.37M -3.62M -30.2%
Norges Bank 2.04M +2.04M NEW
Wellington Management 9.18M +1.66M +22.0%
JPM JPMorgan Chase & Co. 4.18M +1.58M +60.6%
GS Goldman Sachs 2.99M -1.47M -32.9%
Holocene Advisors 0 -1.34M EXIT
FMR 5.36M -1.26M -19.0%
Clearbridge Advisors 1.09M +1.09M +14627.5%
Citadel Advisors 433.73K -889.81K -67.2%
Sculptor Capital 880.02K +880.02K NEW

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, operating results, and financial condition 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.
  • 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.
  • 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 revenue 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.
  • Our Chairman and a co-CEO 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 Chairman and a co-CEO, 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 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 $4.3 billion for fiscal 2021, compared to $3.6 billion for fiscal 2020, an increase of $691 million, or 19%. Subscription services revenue was $3.8 billion for fiscal 2021, compared to $3.1 billion for fiscal 2020, an increase of $692 million, or 22%. The increase in subscription services revenue was due primarily to an increased number of customer contracts as compared to the prior year. Professional services revenue was $530 million for fiscal 2021, compared to $531 million for fiscal 2020, a decrease of $1 million, or 0.2%. The decrease in professional services revenue was primarily due to decreases in training revenue and reimbursable travel expenses as a result of the COVID-19 pandemic, offset by increased professional services revenue due to Workday performing deployment and integration services for a greater number of customers.
Content analysis
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