Workday Non-GAAP EPS of $1.43 beats by $0.17, revenue of $1.79B beats by $20M
Workday press release (NASDAQ:WDAY): Q2 Non-GAAP EPS of $1.43  beats by $0.17.
Revenue of $1.79B (+16.2% Y/Y)  beats by $20M.
Subscription Revenues of $1.62 Billion, Up 18.8% Year Over Year
24-Month Subscription Revenue Backlog of $10.27 Billion, Up 22.7% Year Over Year
Total Subscription Revenue Backlog of $17.85 Billion, Up 32.5% Year Over Year.
Operating cash flows were $425.3 million compared to $114.4 million in the prior year.
Cash, cash equivalents, and marketable securities were $6.66 billion as of July 31, 2023.

Outlook: "We are raising our fiscal 2024 subscription revenue guidance to a range of $6.570 billion to $6.590 billion, representing 18% year-over-year growth. We expect third-quarter subscription revenue to be $1.678 billion to $1.680 billion, or 17% growth. In addition, we are raising our fiscal 2024 non-GAAP operating margin guidance to 23.5%, and we plan on maintaining a disciplined approach of investing in long-term growth while expanding margins." said Zane Rowe, CFO.
Shares +3.84%.


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