XBRL News from China and Workiva
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week – which is of course a summer holiday week, hence less news flow than usual.
1 Pulian Software: winning bid for China Bond XBRL Xinpi Reporting Platform
2 Workiva announces Q2 22 financial results
“Our second quarter subscription & support and total revenue exceeded market expectations and we once again beat the high end of our guidance in revenue and operating results,” said Marty Vanderploeg, Chief Executive Officer. “We added 123 net new logos for the Workiva platform, saw a 28% YOY increase in the number of customers with contract values over $150k, and achieved our highest revenue retention rate of 97.9%.”
While the market is reacting positively to this XBRL bellwether’s beating of their own guidance, they are still no closer to satisfying the rule of 40 – quite the reverse, in fact. Note that this author has an economic interest in the company.
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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
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