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URL:  https://boards.fool.com/wk-posted-great-numbers-again-last-month-when-they-34155497.aspx

Subject:  Re: Earnings to watch this week Date:  3/12/2019  4:42 PM
Author:  NajdorfSicilian Number:  53018 of 58744

WK posted great numbers again last month when they reported sales up 18%, Gross Margin 73%:

'Workiva earnings topped views by 10 cents with a loss of $199,000, or zero cents per share. Revenue rose 18% to $64.4 million, modestly beating. Workiva earnings guidance was above views for Q1 with a bigger-than-expected loss for the full year, but its revenue guidance was above consensus for Q1 and 2019.'

Stock up 40% YTD, and has doubled since I first mentioned it 7 months ago.

CEO: 'As I've talked about before, organizations have made huge investments in ERP systems that provide transactional data, which is the source for numerous reports to executives, shareholders, regulators and tax authorities. Amazingly, these reports are still being created manually using e-mail, spreadsheets and word processors. The inefficiencies and risks associated with these manual processes are becoming widely recognized, driving the need for financial transformation in organizations all over the world. Wdesk is the only cloud platform that provides data assurance and connected reporting throughout the entire reporting process, from ERP data all the way to final reports...

We also continue to win awards, just last week Fortune Magazine named Workiva one of the 100 best companies to work for across all industries. This year, we are the youngest company to make that list. And in January, Fortune named Workiva one of the best workplaces for technology.'

CFO:"Billings, defined as the sum of quarterly revenue in change in both deferred revenue and customer deposits, rose 28% sequentially in Q4 from Q3...Our progress with larger contracts is encouraging for annual contract value of $100,000-plus. We had 443 customers in the fourth quarter, up 37% from Q4 last year. '


https://finance.yahoo.com/news/edited-transcript-wk-earnings...
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