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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond	12/1/2016 4:16:45 PM
	of 57684

Workday beats by $0.08, beats on revs; raises FY17 rev (81.60 -2.72) Reports Q3 (Oct) earnings of $0.03 per share, $0.08 better than the Capital IQ Consensus of ($0.05); revenues rose 34.2% year/year to $409.6 mln vs the $400.5 mln Capital IQ Consensus. Subscription revenues were $335.7 million, an increase of 38.3% from the same period last year. Co issues upside guidance for FY17, sees FY17 revs of $1.560-1.563 bln (from $1.548-1.558 bln) vs. $1.56 bln Capital IQ Consensus; $1.282-12.85 bln. "We had a strong third quarter and saw healthy demand across all major geographies and industries."

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