Workday Raises FY24 Revenue To $6.57B-$6.59B Vs $7.21B Est.; Sees Q3 Subscription Revenue To Be 1.678BB-$1.68B
Portfolio Pulse from Happy Mohamed
Workday has raised its FY24 revenue guidance to $6.57B-$6.59B, representing an 18% YoY growth. The company also expects Q3 subscription revenue to be $1.678B-$1.68B, a 17% growth. Additionally, Workday has increased its FY24 non-GAAP operating margin guidance to 23.5%.
August 24, 2023 | 8:04 pm
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POSITIVE IMPACT
Workday's raised FY24 revenue and Q3 subscription revenue guidance, along with an increased FY24 non-GAAP operating margin guidance, indicates strong financial performance and growth prospects.
Workday's raised revenue guidance for FY24 and Q3 subscription revenue, as well as an increased non-GAAP operating margin guidance for FY24, indicates a strong financial performance and positive growth prospects. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100