Latest news with #HRsoftware
Yahoo
4 days ago
- Business
- Yahoo
Finance and HR Software Stocks Q1 Teardown: Intuit (NASDAQ:INTU) Vs The Rest
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how finance and HR software stocks fared in Q1, starting with Intuit (NASDAQ:INTU). Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and HR software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.2% below. In light of this news, share prices of the companies have held steady as they are up 2.9% on average since the latest earnings results. Created in 1983 when founder Scott Cook watched his wife struggle to reconcile the family's checkbook, Intuit provides tax and accounting software for small and medium-sized businesses. Intuit reported revenues of $7.75 billion, up 15.1% year on year. This print exceeded analysts' expectations by 2.6%. Overall, it was a very strong quarter for the company with full-year EPS guidance exceeding analysts' expectations and an impressive beat of analysts' EBITDA estimates. Intuit achieved the highest full-year guidance raise of the whole group. Unsurprisingly, the stock is up 14.4% since reporting and currently trades at $762. Is now the time to buy Intuit? Access our full analysis of the earnings results here, it's free. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $133.5 million, up 17% year on year, outperforming analysts' expectations by 5%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. Flywire achieved the biggest analyst estimates beat among its peers. The market seems content with the results as the stock is up 2.3% since reporting. It currently trades at $10.28. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free. Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide. Global Business Travel reported revenues of $621 million, up 1.8% year on year, falling short of analysts' expectations by 1.9%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts' expectations. Global Business Travel delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 10.5% since the results and currently trades at $6.16. Read our full analysis of Global Business Travel's results here. Founded by payroll software veteran Steve Sarowitz in 1997, Paylocity (NASDAQ:PCTY) is a provider of payroll and HR software for small and medium-sized enterprises. Paylocity reported revenues of $454.5 million, up 13.3% year on year. This print beat analysts' expectations by 2.9%. It was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates. The stock is down 7.8% since reporting and currently trades at $179.09. Read our full, actionable report on Paylocity here, it's free. Started in 2001 by software engineer Therese Tucker, one of the very few women founders who took their companies public, BlackLine (NASDAQ:BL) provides software for organizations to automate accounting and finance tasks. BlackLine reported revenues of $166.9 million, up 6% year on year. This number was in line with analysts' expectations. Overall, it was a very strong quarter as it also recorded EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. The company added 12 customers to reach a total of 4,455. The stock is up 18.6% since reporting and currently trades at $55.33. Read our full, actionable report on BlackLine here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Bloomberg
10-06-2025
- Business
- Bloomberg
The Spying Scandal Rocking the World of HR Software
Businessweek Technology HR software maker Rippling accused Deel, a key rival, of hiring a staff member to serve as a mole. Things escalated from there. On a cold March day in Dublin, Keith O'Brien looked down at his phone, raised an axe and smashed the device, again and again. A day earlier—a day O'Brien would later describe in sworn testimony as one of the darkest of his life—a corporate lawyer had given him the legally dubious advice to throw the phone into one of Dublin's canals. Instead he crushed it beyond recovery, gathered the shards and flushed them down the drain at his mother-in-law's house.
Yahoo
23-05-2025
- Business
- Yahoo
Workday's (NASDAQ:WDAY) Q1: Beats On Revenue
Finance and HR software company Workday (NASDAQ:WDAY) reported Q1 CY2025 results topping the market's revenue expectations , with sales up 12.6% year on year to $2.24 billion. Its non-GAAP profit of $2.23 per share was 11% above analysts' consensus estimates. Is now the time to buy Workday? Find out in our full research report. Revenue: $2.24 billion vs analyst estimates of $2.22 billion (12.6% year-on-year growth, 1% beat) Adjusted EPS: $2.23 vs analyst estimates of $2.01 (11% beat) Adjusted Operating Income: $677 million vs analyst estimates of $621.7 million (30.2% margin, 8.9% beat) Q2 guidance for subscription revenue beats expectations, but full-year subscription revenue guidance in line Operating Margin: 1.7%, down from 3.2% in the same quarter last year Free Cash Flow Margin: 18.8%, down from 46.4% in the previous quarter Billings: $1.57 billion at quarter end, up 6.4% year on year Market Capitalization: $71.83 billion "Workday delivered another solid quarter, a testament to the durability of our business and the relevance of our platform as CEOs increasingly turn to us to drive efficiency, agility, and growth," said Carl Eschenbach, CEO, Workday. Founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, Workday (NASDAQ:WDAY) provides cloud-based software for organizations to manage and plan finance and human resources. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last three years, Workday grew its sales at a 17.2% compounded annual growth rate. Although this growth is acceptable on an absolute basis, it fell slightly short of our standards for the software sector, which enjoys a number of secular tailwinds. This quarter, Workday reported year-on-year revenue growth of 12.6%, and its $2.24 billion of revenue exceeded Wall Street's estimates by 1%. Looking ahead, sell-side analysts expect revenue to grow 12.8% over the next 12 months, a deceleration versus the last three years. Despite the slowdown, this projection is above the sector average and suggests the market sees some success for its newer products and services. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Billings is a non-GAAP metric that is often called 'cash revenue' because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. Workday's billings punched in at $1.57 billion in Q1, and over the last four quarters, its growth slightly outpaced the sector as it averaged 12.9% year-on-year increases. This alternate topline metric grew slower than total sales, meaning the company recognizes revenue faster than it collects cash - a headwind for its liquidity that could also signal a slowdown in future revenue growth. The customer acquisition cost (CAC) payback period represents the months required to recover the cost of acquiring a new customer. Essentially, it's the break-even point for sales and marketing investments. A shorter CAC payback period is ideal, as it implies better returns on investment and business scalability. Workday does a decent job acquiring new customers, and its CAC payback period checked in at 47.5 months this quarter. The company's relatively fast recovery of its customer acquisition costs gives it the option to accelerate growth by increasing its sales and marketing investments. It was good to see Workday narrowly top analysts' revenue expectations this quarter. Looking ahead, Q2 subscription revenue guidance was ahead of Wall Street Consensus, but full-year subscription revenue guidance was roughly in line. Additionally, its billings missed. Overall, this was a mixed quarter. The stock traded down 3.2% to $263.44 immediately after reporting. Workday's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free.
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
Workday Logs Higher Revenue, Backs Outlook; Initiates Buyback Program
Workday WDAY 1.31%increase; green up pointing triangle logged higher first-quarter revenue and reaffirmed its full-year outlook as sales in its key subscription segment continue to rise. The human-resources software company on Thursday posted a profit of $68 million, or 25 cents a share, compared with $107 million, or 40 cents a share, a year earlier. Profit was impacted by restructuring expenses of $166 million, the company said.
Reuters
07-05-2025
- Business
- Reuters
Dayforce sees lower-than-expected second-quarter revenue on muted spending
May 7 (Reuters) - Human resources software provider Dayforce (DAY.N), opens new tab on Wednesday forecast second-quarter revenue below market estimates, anticipating reduced spending on its payroll and HR services amid macroeconomic uncertainty. Shares of the Minneapolis, Minnesota-based company fell 10% following the results. Job growth in the U.S. was choppy in the first quarter, slowing more than expected in January before picking up pace in February, at a time when the labor market outlook was clouded by the country's trade policy changes. The murky economic backdrop has been particularly hitting small- and medium-sized businesses, forcing them to reassess their budgets. Dayforce expects its total second-quarter revenue to be between $454 million and $460 million, below analysts' average estimate of $465.5 million, according to data compiled by LSEG. It forecast full-year revenue between $1.93 billion and $1.94 billion, in line with estimates of $1.93 billion. The projections come in contrast with those of larger rival ADP (ADP.O), opens new tab, which raised its annual revenue forecast last week on the back of resilient enterprise demand and recent acquisitions. Dayforce, formerly known as Ceridian, provides cloud-based payroll, workforce and human capital management software to enterprise clients globally. The company in February announced a workforce reduction of about 5%, aiming to streamline its operations and achieve annual cost savings of about $65 million. It posted total revenue of $481.8 million for the quarter ended March 31, compared with expectations of $476.7 million. Excluding float, the total quarterly revenue was $426.5 million. Float revenue refers to the earnings or interest a company generates from holding cash or other liquid assets for a period before using them for their intended purpose. The company earned 58 cents per share on an adjusted basis in the first quarter, compared with estimates of 55 cents per share.
