Workiva Announces Third Quarter 2020 Financial Results
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Workiva (WK) Tops Q3 EPS by 12c, Revenues Beat; Offers 4Q & FY20 EPS/Revenue Guidance Above Consensus
November 4, 2020 4:57 PM ESTWorkiva (NYSE: WK) reported Q3 EPS of $0.00, $0.12 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $88.1 million versus the consensus estimate of $84.47 million.
Third Quarter 2020 Financial Highlights
Revenue: Total revenue for the third quarter of 2020 reached $88.1 million, an increase of 18.8% from $74.2 million in the third quarter of 2019. Subscription and support revenue contributed $75.9 million, up 20.4% versus the third quarter of 2019. Professional services revenue was $12.2 million, an increase of 9.8% compared to the same quarter in the prior year.Gross Profit: GAAP gross profit for the third quarter of 2020 was $66.2... More