Workday Non-GAAP EPS of $1.31 beats by $0.19, revenue of $1.68B beats by $10M
Workday press release (NASDAQ:WDAY): Q1 Non-GAAP EPS of $1.31  beats by $0.19.
Revenue of $1.68B (+17.5% Y/Y)  beats by $10M.
Subscription Revenues of $1.53 Billion, Up 20.1% Year Over Year
24-Month Subscription Revenue Backlog of $9.79 Billion, Up 22.9% Year Over Year
Total Subscription Revenue Backlog of $16.65 Billion, Up 31.6% Year Over Year.
Cash, cash equivalents, and marketable securities were $6.33 billion as of April 30, 2023.
"Given these results, we are raising the low end of our fiscal 2024 subscription revenue guidance to a range of $6.550 billion to $6.575 billion vs. consensus of $7.20B, representing 18% growth over the prior fiscal year. We expect second-quarter subscription revenue to be $1.611 billion to $1.613 billion vs. consensus of $1.77B, also 18% growth. In addition, we are maintaining our fiscal 2024 non-GAAP operating margin guidance of 23%, as we drive a balance of both growth and margin expansion." said Barbara Larson, CFO, Workday.
Shares +8.45%.