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Oct 31, 2020
Workday Q3 2021 Earnings Report
Workday's Q3 2021 financial performance showed strong growth in subscription revenue and backlog.
Key Takeaways
Workday announced strong Q3 fiscal year 2021 results with total revenues of $1.11 billion, up 17.9% year-over-year, and subscription revenue of $968.5 million, up 21.3% year-over-year. The company raised its fiscal 2021 subscription revenue guidance to a range of $3.773 billion to $3.775 billion.
Total revenues increased by 17.9% year-over-year, reaching $1.11 billion.
Subscription revenue grew by 21.3% year-over-year, amounting to $968.5 million.
Subscription revenue backlog increased by 23.4% year-over-year, totaling $8.87 billion.
Non-GAAP operating margin was 24.2%.
Revenue by Segment
Forward Guidance
Workday is raising its fiscal 2021 subscription revenue guidance to a range of $3.773 billion to $3.775 billion and increasing its pace of investments to capitalize on the long-term opportunity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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