Workday Reports Better Than Expected Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday (NASDAQ:WDAY)</a> reported Q2 EPS of $1.43, which surpassed the Street estimate of $1.26. Additionally, revenue experienced a 16.3% year-over-year growth, reaching $1.79 billion, which outperformed the Street estimate of $1.77 billion.</p>
<p>Subscription revenues displayed an 18.8% year-over-year rise, amounting to $1.62 billion. The company's 24-month subscription revenue backlog stood at $10.27 billion, reflecting a robust 22.7% year-over-year growth.</p>
<p>For Q3/24, Workday anticipates total revenue within the range of $1.843 billion to $1.845 billion. This projection compares to the Street estimate of $1.84 billion. The expected subscription revenue for the quarter is set to fall between $1.678 billion and $1.68 billion.</p>
<p>Concerning the full year, Workday expects total revenue to range from $7.20 billion to $7.240 billion, roughly aligning with the Street estimate of $7.21 billion. Additionally, the company anticipates subscription revenue to be in the range of $6.57 billion to $6.59.</p>

NASDAQ:WDAY