Workday Q3 2021 Earnings Report
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%.
Workday
Workday
Workday 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