What to Expect From Workday’s Upcoming Q2 Earnings?
<p>Oppenheimer analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday, Inc. (NASDAQ:WDAY)</a> ahead of the upcoming Q2 earnings, estimating a total revenue of approximately $1.5 billion (up 20% year-over-year) and EPS of $0.75.</p>
<p>The analysts remain positive about the company's execution and growth opportunity but are less optimistic about the Q2 earnings update being a catalyst for new sources of funds as the operating environment for big back-office deals worsens.</p>
<p>The analysts believe the company is executing well in a tough and increasingly uncertain macro and there are signs of a substantial slowdown in hiring plans, which is a good development for the operating margin trajectory. </p>
<p>The analysts said they remain long-term positive on the company and expectations are low with the consensus implying low-to-mid-teens percentage growth for the two-year subscription backlog billings growth in Q2, but also expect restrained guidance to reflect the increasing macro uncertainties.</p>

NASDAQ:WDAY