As earnings season persisted this week, three quarterly reports from tech companies brought out some telling metrics. These reports came from virtual healthcare company Teladoc (TDOC -3.10%), cloud applications company Workday (WDAY -1.69%), and enterprise software company VMware (VMW). In summary:
- Teladoc's visits soared.
- Workday's momentum with financial customers continued.
- VMware posted strong revenue growth.
Image source: Getty Images.
Teladoc
Virtual healthcare platform provider Teladoc saw sharp growth in its business during Q4, with revenue growing 59% year over year to $122.7 million and visits shooting 86% higher over the same time frame to 861,000. Of course, when excluding visits gained through the company's recent acquisition of Advance Medical, they grew at a slower pace -- but that pace was still strong, at 41%.
Teladoc CEO Jason Gorevic believes the company will benefit from continued rapid adoption of virtual healthcare in the coming years, he explained in Teladoc's fourth-quarter earnings call:
I'm excited by the continued acceleration of consumer adoption of virtual care. And Teladoc Health is at the forefront of that movement. We have firmly established ourselves as the industry leader, and in 2018, we were the provider with the most downloaded app in the telehealth category.
Check out the latest earnings call transcripts for Teladoc, Workday, and VMware.
Workday
Human capital management software specialist Workday posted solid fourth-quarter numbers on Thursday, including $778.6 million in revenue and a non-GAAP loss per share of $0.41. Both metrics easily beat consensus analyst estimates. On average, analysts were expecting revenue and non-GAAP earnings per share of $777 million and $0.32, respectively.
The company's momentum with its financial management platform was particularly encouraging, with the company adding 79 core financial management customers during the quarter -- four of which were Fortune 500 companies. It was the company's' best quarter ever for its financial management product line, Workday CEO Aneel Bhusri said in the company's fourth-quarter earnings call.
VMware
Enterprise software company VMware notably saw an acceleration in its revenue growth in Q4. The company's top line rose 16% year over year to $2.59 billion. This compares to 14% growth in Q3. VMware's fourth-quarter top line handily surpassed a consensus analyst forecast for revenue of $2.5 billion.
The company's adjusted earnings per share also beat a consensus analyst estimate for $1.88, coming in at $1.98.
"Q4 was a terrific ending to a strong fiscal '19 driven by broad-based strength across our diverse product portfolio and in all three geographies," said VMware CEO Pat Gelsinger in the company's fourth-quarter earnings release.
