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Oct 31, 2021
Workday Q3 2022 Earnings Report
Workday's Q3 2022 financial results were announced, showing significant year-over-year growth in total revenues and subscription revenue.
Key Takeaways
Workday announced strong Q3 2022 results with total revenues of $1.33 billion, a 20% increase year-over-year, and subscription revenue of $1.17 billion, a 21% increase year-over-year. The company is raising its fiscal year 2022 guidance for subscription revenue to $4.533 billion - $4.535 billion, representing 20% growth.
Total revenues increased by 20.0% year-over-year, reaching $1.33 billion.
Subscription revenue grew by 21.0% year-over-year, totaling $1.17 billion.
Operating income was $23.9 million, compared to an operating loss of $14.1 million in the same period last year.
Non-GAAP basic net income per share was $1.15, compared to $0.92 in the same period last year.
Revenue by Segment
Forward Guidance
Workday is raising its fiscal 2022 guidance for subscription revenue to a range of $4.533 billion to $4.535 billion, growth of 20%. The company expects fourth-quarter subscription revenue of $1.216 billion to $1.218 billion, growth of 21%. Workday is also raising its fiscal 2022 non-GAAP operating margin guidance to 22%.
Positive Outlook
- Fiscal 2022 subscription revenue guidance raised to $4.533B - $4.535B, reflecting 20% growth.
- Q4 subscription revenue expected to grow by 21%, reaching $1.216B - $1.218B.
- Fiscal 2022 non-GAAP operating margin guidance raised to 22%.
- Increased demand exceeding expectations.
- Global organizations are selecting Workday to manage their people and finances.
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
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