Workday (WDAY) Stock | Getting “Worked” on Earnings

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Workday, Inc. (NYSE: WDAY)

 

Workday, the American based-multinational Corporation, focused on helping companies to manage their Financial and Human Resources needs and concerns from a cloud based format- reported earnings on Thursday, November 19, 2015. The company reported dismal earnings forecasts that saw their loss expand from .33 per share to .41 per share a year ago for the same quarter. Ironically, revenues rose from $215 million to $305 million. We have been seeing this in many other companies earnings reports as well, suggesting they are needing to spend more money internally on areas ranging from updating their resources, buying other companies in takeovers, research and spending and litigation.

 

WDAY Earnings

While the numbers for the current quarter have already been released, earnings  for the upcoming 4th quarter Workday sees revenues ranging from $317 to $320 million which is below the high end of 320 million dollars. Perhaps some of this is attributable to their fierce competition with Salesforce.com and Oracle Inc.Shares were up $+.62 on the regular trading session at $84.30 but fell hard to $79.10 or down -$5.20 ( 6%) as of 8pm EST.

In addition to reporting earnings, Workday reported that AON, one of the world`s largest and most successful insurance brokers and professional services firms, has selected to utilize Workdays software.

Aon plc(NYSE: AON), the leading global provider of risk management, insurance and reinsurance brokerage, and human resource solutions and administration services, is expanding its Workday footprint to include Workday Financial Management. Aon’s selection of Workday Financial Management, coupled with its recent deployment of Workday Human Capital Management (HCM), makes Aon one of the largest organizations to use Workday’s unified suite of applications to manage and drive insights from its financial, people, and operational data. MarketWired
 

CEO Comments

“”As one of the world`s largest and most successful insurance brokers and professional services firms, Aon`s selection of Workday Financial Management underscores that global business leaders continue to look for a cloud-first, data-driven approach to real-time finance as a way to gain and maintain a competitive edge,” said Aneel Bhusri, co-founder and CEO, Workday. “With Workday, Aon will be able to access deeper insights across all of its business units, helping leaders better align financial and employee performance to drive global business growth.” Yahoo Finance

 

AON Technicals

WDAYwarior

On the daily chart, you will see a red  on the far left showing a huge gap down on a news related event. The yellow arrows to the right suggest where trading will resume on Friday morning when shares reopen for trading after the earnings announcement.

 

About Workday, Inc.

Workday, Inc. provides enterprise cloud applications for finance and human resources in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources. The company provides Workday Human Capital Management application that includes global human resources management comprising workforce lifecycle management, organization management, compensation, absence, and employee benefits administration; and global talent management consisting of goal management, performance management, succession planning, and career and development planning, as well as project and work management designed to enable organizations to create and manage and track initiatives, build project plans, and utilize project breakdown structures that include phases, tasks, and milestones. It also offers Workday Payroll, a payroll application designed to address the enterprise payroll needs; and Workday Financial Management tools that provide the core finance functions of general ledger, global accounting, revenue management, accounts payable, employee expense management, and accounts receivable, along with tools to help organizations manage their cash, assets, contracts, grants, expenses, procurement, and support their financial reporting requirements, as well as offer management reporting and analysis in real time. In addition, the company provides Workday Insight Applications that leverage advanced data science and machine learning methodologies to help customers make smarter financial and workforce decisions. It serves technology, financial services, business services, healthcare and life sciences, manufacturing, consumer and retail, and education and government industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was founded in 2005 and is headquartered in Pleasanton, California. YahooFinance

 

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