Episode Details

Workivas Q1 results shattered expectations, with revenue surging 19.9% YoY to $247.3M, beating estimates by $2M. Adjusted EPS soared 17.6% to $0.77, topping the $0.65 forecast. Operating margins skyrocketed to 18.4%, a massive turnaround from last years negatives. Enterprise deals, over $300K and $500K+, skyrocketed 38% and 39% respectively, boosting subscription and ARR revenue. Despite analyst concerns on SEC reporting shifts and net retention rates, Workiva raised full-year guidance, with revenue midpoint steady at $1.04B and adjusted EPS up 7% to $2.90. Stock dipped post-earnings but could rebound with this momentum.

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