Loading...
•
Jul 31, 2021
Workday Q2 2022 Earnings Report
Achieved strong growth in revenue and customer base, driven by demand for HR, finance, and planning solutions.
Key Takeaways
Workday announced strong fiscal 2022 second quarter results, with total revenues of $1.26 billion, up 18.7% year over year, and subscription revenue of $1.11 billion, up 19.5% year over year. The company's customer community has grown to more than 55 million users, and more than half of the Fortune 500 have selected Workday.
Total revenues were $1.26 billion, an increase of 18.7% from the second quarter of fiscal 2021.
Subscription revenue was $1.11 billion, an increase of 19.5% from the same period last year.
The Workday customer community now includes more than 50% of the Fortune 500.
Workday has expanded its partnership with Google to include Google Cloud, in addition to Google’s expanded use of Workday applications.
Revenue by Segment
Forward Guidance
Workday is raising its fiscal 2022 guidance for subscription revenue to a range of $4.500 billion to $4.510 billion, growth of 19%. We expect third-quarter subscription revenue of $1.156 billion to $1.158 billion, 20% growth at the high end. We are also raising our fiscal 2022 non-GAAP operating margin guidance to 21.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...