Workday Non-GAAP EPS of $0.83 beats by $0.03, revenue of $1.54B beats by $20M
Workday press release (NASDAQ:WDAY): Q2 Non-GAAP EPS of $0.83 (vs. $1.23 Y/Y)  beats by $0.03.
Revenue of $1.54B (+21.9% Y/Y)  beats by $20M.
Subscription Revenues of $1.37 Billion, Up 22.8% Year Over Year.
24-Month Subscription Revenue Backlog of $8.37 Billion, Up 21.7% Year Over Year.
Total Subscription Revenue Backlog of $13.47 Billion, Up 27.4% Year Over Year.
"As a result, we are maintaining our guidance for fiscal 2023 subscription revenue to be in the range of $5.537 billion to $5.557 billion, representing 22% year-over-year growth. We expect third quarter subscription revenue of $1.418 billion to $1.420 billion, growth of 21%. We are raising our fiscal 2023 non-GAAP operating margin guidance to 19.0%, reflecting the scalability of our model and our commitment to longer-term margin expansion." said Barbara Larson, CFO.
Shares +7.17%.