CORRECTION: Workday Sees Q3 Subscription Revenue Of $1.955B.; FY25 Subscription Revenue $7.7B-$7.725B
Portfolio Pulse from Benzinga Newsdesk
Workday has updated its financial guidance for fiscal year 2025, projecting subscription revenue between $7.7 billion and $7.725 billion, a 17% growth. For Q3 2024, subscription revenue is expected to be $1.955 billion, a 16% increase. The non-GAAP operating margin is projected at 25.25%.
August 23, 2024 | 1:53 pm
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Workday has revised its fiscal 2025 guidance, expecting subscription revenue to grow by 17% to $7.7-$7.725 billion. Q3 2024 subscription revenue is projected at $1.955 billion, a 16% increase. The non-GAAP operating margin is anticipated to be 25.25%.
The updated guidance indicates strong expected growth in subscription revenue and a stable operating margin, which is likely to positively impact Workday's stock price in the short term. The 17% growth forecast for FY25 and 16% for Q3 2024 are significant indicators of the company's performance.
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