Workday (WDAY) Tops Q2 EPS by 9c

Workday (NASDAQ: WDAY) reported Q2 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $887.8 million versus the consensus estimate of $872.31 million.

“It was a strong quarter, with continued global customer momentum across the Fortune 500 and Global 2,000, as more organizations look to Workday for the ability to plan, execute, and analyze in one system powered by machine learning. In addition, we celebrated one year with Adaptive Insights and continue to make great progress on our integration vision,” said Aneel Bhusri, co-founder and CEO, Workday. “As we move into the second half of the year, we are continuing to invest in areas that leverage our strengths and open new opportunities.”

“We delivered strong Q2 results with subscription revenue up 34%, along with solid operating margins and cash flow,” said Robynne Sisco, co-president and chief financial officer, Workday. “Based on our second quarter results, we are raising our fiscal 2020 subscription revenue outlook and now expect subscription revenue of $3.06 to $3.07 billion. We expect our third quarter subscription revenue to be between $783 and $785 million. We continue to prioritize investing in long-term growth initiatives, while delivering solid operating margins and cash flow over time.”

For earnings history and earnings-related data on Workday (WDAY) click here.

You May Also Be Interested In

• Nanometrics (NANO) Issues Business Update, Reports FY23 Results
• ChampionX (CHX) Tops Q1 EPS by 8c
• Plexus Corp (PLXS) Tops Q2 EPS by 7c