Report
Rodney Nelson
EUR 101.80 For Business Accounts Only

Workday Closes Out Strong 2018 with Big Financials Wins in 4Q; Raising FVE to $137

Workday reported fourth-quarter results that were ahead of our expectations, driven by better-than-expected deal flow from the firm’s Financials products. Management called out a number of large wins in the fourth quarter, including a Fortune 100 consumer business adopting Workday’s financial platform. We continue to see evidence of increasing attach rates for products such as Financials, Planning, and Prism analytics, supporting our narrow moat and positive trend ratings. As we roll our model f...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

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