Workday Q4 2021 Earnings Report
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
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