Workday tops Q2 sales expectations as it surpasses 1,000-customer mark

Workday CFO Mark Peel responded with a Q3 revenue guidance range hovering around Wall Street expectations.

A quiet week as far as tech earnings reporting is concerned, Workday published second quarter financial results after the bell on Wednesday.

The financial planning software maker reported a net loss of $69.4 million, or 37 cents per share, with revenue of $282.7 million, up 51 percent from the same quarter a year ago (statement).

Wall Street was bracing for a loss of six cents per share on a non-GAAP basis with just $274.07 million in revenue.

Subscription revenues totaled $223.7 million, an increase of 56 percent from the same period last year.

Workday CEO and co-founder Aneel Bhusri touted that it was a "great second quarter," especially as the tech company surpassed the 1,000-customer mark.

"We saw strong sales traction for growth initiatives including financial management, education and government industry solutions, and European expansion," Bhusri added in prepared remarks.

For the current quarter, Wall Street is expecting a slightly smaller loss at four cents per share with $302.12 million in revenue.

Workday CFO Mark Peel responded with a Q3 revenue guidance range of $300 million to $303 million, translating to growth between 39 and 41 percent year-over-year.


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