Workday Shines In Q2 With Robust Revenue Growth And AI Momentum, Raises FY24 Outlook
Portfolio Pulse from Lekha Gupta
Workday Inc (NASDAQ:WDAY) reported Q2 FY24 revenue growth of 16.3% Y/Y to $1.79 billion, beating the consensus of $1.77 billion. Subscription revenues grew 18.8% Y/Y to $1.62 billion. Adjusted operating income rose to $421.4 million from $301.6 million a year ago. The company raised its FY24 subscription revenue guidance and expects Q3 subscription revenue of $1.678 billion to $1.680 billion (+17% Y/Y).
August 25, 2023 | 10:42 am
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Workday Inc reported strong Q2 FY24 results with revenue and subscription growth beating consensus. The company also raised its FY24 subscription revenue guidance.
Workday's Q2 FY24 results exceeded expectations with strong revenue and subscription growth. The company's raised FY24 subscription revenue guidance indicates confidence in future performance, which is likely to positively impact the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100