Press release
Workday Announces Fiscal 2024 First Quarter Financial Results
Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over YearSubscription Revenues of $1.53 Billion, Up 20.1% Year Over Year24-Month
About this update from Workday, Inc.
[{"type":"text","content":"Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over YearSubscription Revenues of $1.53 Billion, Up 20.1% Year Over Year24-Month Subscription Revenue Backlog of $9.79 Billion, Up 22.9% Year Over YearTotal Subscription Revenue Backlog of $16.65 Billion, Up 31.6% Year Over Year\nPLEASANTON, Calif., May 25, 2023 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced results for the fiscal 2024 first quarter ended April 30, 2023.\n\n \n \n \n \n \n \n\n \nFiscal 2024 First Quarter Results\nTotal revenues were $1.68 billion, an increase of 17.4% from the first quarter of fiscal 2023. Subscription revenues were $1.53 billion, an increase of 20.1% from the same period last year.Operating loss was $19.8 million, or negative 1.2% of revenues, compared to an operating loss of $72.8 million, or negative 5.1% of revenues, in the same period last year. Non-GAAP operating income for the first quarter was $395.9 million, or 23.5% of revenues, compared to a non-GAAP operating income of $288.6 million, or 20.1% of revenues, in the same period last year.1Basic and diluted net income per share was $0.00, compared to basic and diluted net loss per share of $0.41 in the first quarter of fiscal 2023. Non-GAAP basic and diluted net income per share was $1.32 and $1.31, respectively, compared to non-GAAP basic and diluted net income per share of $0.86 and $0.83, respectively, in the same period last year.2Operating cash flows were $277.3 million compared to $439.7 million in the prior year.Cash, cash equivalents, and marketable securities were $6.33 billion as of April 30, 2023.Comments on the News\n\"Workday had a strong first quarter, underscoring the value proposition of the full Workday platform combined with our unique approach to artificial intelligence and machine learning,\" said Aneel Bhusri, co-founder, co-CEO, and chair, Workday. \"We've been delivering AI and ML capabilities for nearly a decade and approach its application with a heavy emphasis on being human-centric, using these capabilities to augment people and organizations to make them more productive, better informed, and to help them reduce business risk. We remain committed to innovation and infusing AI and ML across our entire product portfolio, while adhering to our core values, a...