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Jan 31, 2021
Workday Q4 2021 Earnings Report
Workday's Q4 2021 financial results were announced, revealing an increase in total revenues and subscription revenue compared to the same period last year.
Key Takeaways
Workday announced strong Q4 2021 results with total revenues of $1.13 billion, up 15.9% year-over-year, and subscription revenue of $1.01 billion, up 19.8% year-over-year. The company's 24-month subscription revenue backlog reached $6.53 billion, a 19.2% increase, and the total subscription revenue backlog was $10.09 billion, up 21.6% year-over-year.
Total revenues increased by 15.9% year-over-year, reaching $1.13 billion.
Subscription revenue grew by 19.8% year-over-year, totaling $1.01 billion.
24-month subscription revenue backlog increased by 19.2% year-over-year to $6.53 billion.
Total subscription revenue backlog increased by 21.6% year-over-year to $10.09 billion.
Workday
Workday
Workday Revenue by Segment
Revenue by Segment
Subscription Services Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Workday expects fiscal 2022 subscription revenue to be in the range of $4.38 billion to $4.40 billion, representing year-over-year growth of 16%, and non-GAAP operating margins of 17%.
Positive Outlook
- Fiscal 2022 subscription revenue expected to be in the range of $4.38 billion to $4.40 billion.
- Year-over-year subscription revenue growth of 16% is anticipated.
- Non-GAAP operating margins are projected to be 17%.
- Focus on driving accelerated bookings growth.
- Expectation that accelerated bookings growth will result in a faster pace of future subscription revenue growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income