Workday, the cloud-based provider of HR and financial applications, continues to see growing momentum with systems integrators, according to CFO Robynne Sisco.
Workday CFO Robynne Sisco
“On the professional services front, we continue to value and support a growing systems integrator ecosystem,” Sisco said during Workday’s quarterly earnings call with Wall Street analysts on Thursday. “Our partners are seeing robust growth in their Workday practices, and we will continue our tight alignment with them to ensure customers have successful implementations that support the highest levels of customer satisfaction and business value.”
Sisco did not mention specific systems integrators by name. But true believers in the company include Accenture’s DayNine organization, Deloitte, KPMG and PwC, among others.
Workday also is scaling its own professional services business. Revenue from that area of the SaaS application company will be about $500 million for the current fiscal year, up about 15 percent from last year.
Workday: Latest Quarterly Financial Results
For its Q4 of fiscal 2019 (ended January 31, 2019), Workday’s revenues were $788.6 million, up 35.4% from the fourth quarter of fiscal 2018. The company had a $104 million net loss for Q4 fiscal 2019, larger than the $89.1 million net loss during Q4 fiscal 2018.
The results generally beat Wall Street’s expectations. Disclosure: I’m long on Workday, though I may sell some shares within the next 30 days since the stock is trading near a 52-week high.