Workday Q1 2015 revenues up 74%

Workday, Inc. (NYSE: WDAY) reported its total revenues were USD159.7m for the first quarter of 2015, an increase of 74 percent from the first quarter of fiscal 2014.

Subscription revenues were USD123.4m, an increase of 80 percent from same period last year.

Operating loss was USD52.1m, or negative 32.6 percent of revenues, compared to an operating loss of USD32.6m, or negative 35.6 percent of revenues, in the same period last year. Non-GAAP operating loss for the first quarter was USD22.5m, or negative 14.1 percent of revenues, compared to a non-GAAP operating loss of USD24.5m last year, or negative 26.8 percent of revenues.1

Net loss per basic and diluted share was USD0.32, compared to a net loss per basic and diluted share of USD0.20 in the first quarter of fiscal 2014. The non-GAAP net loss per basic and diluted share was USD0.13, compared to a non-GAAP net loss per basic and diluted share of USD0.15 during the same period last year.1

Operating cash flows were USD21.7m and free cash flows were USD11.8m. For the trailing twelve months, operating cash flows were USD50.7m and free cash flows were a negative USD33.1m.2

Cash, cash equivalents and marketable securities were approximately USD1.9bn as of April 30, 2014. Unearned revenue was USD461.9m, a 54 percent increase from last year.

Workday is a provider of enterprise cloud applications for human resources and finance. Founded in 2005, Workday delivers human capital management, financial management, and analytics applications designed for the world´s largest organizations.

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