Today in 3 minutes or less:

1. Workday Reports Strong Fiscal 2025 Q1 Financial Results, Boosts Full-Year Guidance ($WDAY)

2. Datadog ($DDOG): Capitalizing on Early-Stage Growth with Digital Transformation and Expanding Observability TAM

3. Amazon ($AMZN) Offers Prime Members Free Grubhub+ and Integrates Grubhub Ordering

4. ESG News of the Day: Illumina Inc. Publishes 2023 Corporate Social Responsibility Report ($ILMN)

5. Video of the day: Nvidia CEO Jensen Huang talks blowout quarter, AI, inferencing, ongoing demand, and more. ($NVDA)

1. Workday Reports Strong Fiscal 2025 Q1 Financial Results, Boosts Full-Year Guidance ($WDAY)

• Revenue Growth: Total revenues of $1.990 billion, up 18.1% year-over-year.

• Subscription Performance: Subscription revenues reached $1.815 billion, an 18.8% increase from the previous year.

• Profitability: Operating income of $64 million, reversing a loss from the prior year, and non-GAAP operating income rose to $515 million.

• Shareholder Value: Repurchased 0.5 million shares for $134 million and increased cash reserves to $7.18 billion.

Company Guidance

• Fiscal 2025 Full Year Guidance

  • Subscription revenue: $7.700 billion to $7.725 billion (approx. 17% growth)

  • Non-GAAP operating margin: 25.0%

• Fiscal 2025 Q2 Guidance:

  • Subscription revenue: $1.895 billion (approx. 17% growth)

  • Non-GAAP operating margin: 24.5%

Source: Workday, Inc.

2. Datadog ($DDOG): Capitalizing on Early-Stage Growth with Digital Transformation and Expanding Observability TAM

• Long-term growth drivers are still in early stages:

• Secular tailwind of digital transformation and cloud migration:

• Large and growing observability TAM:

Source: Datadog, Inc.  

3. Amazon ($AMZN) Offers Prime Members Free Grubhub+ and Integrates Grubhub Ordering

• Broad Reach: DoorDash and Ulta Beauty now offer delivery from over 1,350 stores in all 50 states.

• Extensive Selection: Consumers can shop over 25,000 products from 600+ brands via the DoorDash app.

• Special Promotion: Get $10 off any Ulta order of $50 or more through June 2, 2024, with code 10ULTA.

• Loyalty Integration: Ulta Beauty Rewards™ members can link accounts to earn points on DoorDash purchases.

Source: Amazon.com, Inc.

4. ESG News of the Day: Illumina Inc. Publishes 2023 Corporate Social Responsibility Report ($ILMN)

• Accelerating Access to Genomics:

  • Trained over 27,000 healthcare professionals.

  • Increased healthcare coverage for genomic testing from 1.2 billion to 1.3 billion.

• Nurturing People and Communities:

  • Maintained a zero net pay gap for five years.

  • Achieved 45% female workforce representation.

  • 60% of employees engaged in charitable activities.

• Integrating Environmental Stewardship:

  • NovaSeq X Series reduced packaging weight and waste by 90%, plastic use by 50%, and climate impact by 61%.

  • 100% renewable electricity usage globally for the second year.

Source: Illumina, Inc.

5. Video of the day: Nvidia CEO Jensen Huang talks blowout quarter, AI, inferencing, ongoing demand, and more. ($NVDA)

Short updates on your favorite stocks/markets

• BHP pulls out of Anglo-American mining mega-merger. BBC

• Singapore pushes for green data centers as growing AI demand strains energy resources. CNBC

• Xi Jinping’s surprising new source of economic advice. TE

• UiPath's stock dives 30% on outlook miss, CEO transition; analysts downgrade. YF

• Foot Locker stock surges 13% as turnaround shows signs of life. CNBC

• Red Bull buys minority stake in Leeds United. FT

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