Business
Workday Announces Fourth Quarter and Full Year Fiscal 2020 Financial Results
Fourth Quarter Total Revenues of $976.3 Million, Up 23.8% Year Over Year Subscription Revenue of $839.7 Million, Up 24.7% Year Over Year Subscription Revenue
About this update from Workday, Inc.
[{"type":"text","content":"Fourth Quarter Total Revenues of $976.3 Million, Up 23.8% Year Over Year Subscription Revenue of $839.7 Million, Up 24.7% Year Over Year Subscription Revenue Backlog of $8.29 Billion, Up 23.0% Year Over Year\n Full Year Fiscal 2020 Total Revenues of $3.63 Billion, Up 28.5% Year Over YearSubscription Revenue of $3.10 Billion, Up 29.8% Year Over YearOperating Cash Flows of $864.6 Million, Up 42.5% Year Over Year PLEASANTON, Calif., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced results for the fourth quarter and full fiscal year ended January 31, 2020. Fourth Quarter Fiscal 2020 Results Total revenues were $976.3 million, an increase of 23.8% from the fourth quarter of fiscal 2019. Subscription revenues were $839.7 million, an increase of 24.7% from the same period last year. Operating loss was $146.1 million, or negative 15.0% of revenues, compared to an operating loss of $120.3 million, or negative 15.3% of revenues, in the same period last year. Non-GAAP operating income for the fourth quarter was $116.6 million, or 11.9% of revenues, compared to a non-GAAP operating income of $92.7 million, or 11.8% of revenues, in the same period last year.1 Net loss per basic and diluted share was $0.56, compared to a net loss per basic and diluted share of $0.47 in the fourth quarter of fiscal 2019. Non-GAAP net income per diluted share was $0.50, compared to a non-GAAP net income per diluted share of $0.41 in the same period last year.2 Full Year Fiscal 2020 Results Total revenues were $3.63 billion, an increase of 28.5% from fiscal 2019. Subscription revenues were $3.10 billion, an increase of 29.8% from the prior year. Operating loss was $502.2 million, or negative 13.8% of revenues, compared to an operating loss of $463.3 million, or negative 16.4% of revenues, in fiscal 2019. Non-GAAP operating income was $484.5 million, or 13.4% of revenues, compared to a non-GAAP operating income of $291.3 million, or 10.3% of revenues, in the prior year.1 Net loss per basic and diluted share was $2.12, compared to a net loss per basic and diluted share of $1.93 in fiscal 2019. Non-GAAP net income per diluted share was $1.88, compared to a non-GAAP net income per diluted share of $1.36 last year.2 Operating cash flows were $864.6 million compar...