Workday Reports Q4 Beat, Provides Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday (NASDAQ:WDAY)</a> reported its Q4 results on Monday, winning new large FINS customers, beating the Street on operating margins and margin guidance, and guiding to 21% year-over-year growth for Q1 24-month subscription revenue backlog, one point above consensus.</p>
<p>EPS came in at $0.99, better than the Street estimate of $0.89. Quarterly revenue increased 19.6% year-over-year to $1.65 billion, compared to the Street estimate of $1.63B. </p>
<p>The results support back-office resiliency and good execution by management in an uncertain macro. These positives were offset by a below-consensus Q1 and 2024 guidance on subscription revenue that may prove conservative and increasingly challenging new big deals that are consistent across software.</p>
<p>The company anticipates 2024 subscription revenue to be in the range of $6.525-$6.575 billion and a non-GAAP operating margin to be around 23%.</p>

NASDAQ:WDAY