Workday (WDAY) Tops Q3 EPS by 15c

Workday (NASDAQ: WDAY) reported Q3 EPS of $0.99, $0.15 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.58 billion.

Guidance:

"We delivered solid third-quarter results, a testament to strong execution across the company as well as the strategic and mission-critical nature of our solutions," said Barbara Larson, chief financial officer, Workday. "Our updated outlook reflects the ongoing momentum in our business and the power of our business model, while continuing to balance the current environment. We are raising the low end of our fiscal 2023 subscription revenue guidance to a range of $5.555 billion to $5.557 billion, or 22% growth. We are also raising our fiscal 2023 non-GAAP operating margin guidance to 19.2%, reflecting our commitment to delivering healthy growth and profitability."

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

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