Press release
Workday Announces Fiscal 2024 Second Quarter Financial Results
Fiscal Second Quarter Total Revenues of $1.79 Billion, Up 16.3% Year Over YearSubscription Revenues of $1.62 Billion, Up 18.8% Year Over Year24-Month
About this update from Workday, Inc.
[{"type":"text","content":"Fiscal Second Quarter Total Revenues of $1.79 Billion, Up 16.3% Year Over YearSubscription Revenues of $1.62 Billion, Up 18.8% Year Over Year24-Month Subscription Revenue Backlog of $10.27 Billion, Up 22.7% Year Over YearTotal Subscription Revenue Backlog of $17.85 Billion, Up 32.5% Year Over Year\nPLEASANTON, Calif., Aug. 24, 2023 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced results for the fiscal 2024 second quarter ended July 31, 2023.\n\n \n \n \n \n \n \n\n \nFiscal 2024 Second Quarter Results\nTotal revenues were $1.79 billion, an increase of 16.3% from the second quarter of fiscal 2023. Subscription revenues were $1.62 billion, an increase of 18.8% from the same period last year.Operating income was $36.3 million, or 2.0% of revenues, compared to an operating loss of $34.1 million, or negative 2.2% of revenues, in the same period last year. Non-GAAP operating income for the second quarter was $421.4 million, or 23.6% of revenues, compared to a non-GAAP operating income of $301.6 million, or 19.6% of revenues, in the same period last year.1Basic and diluted net income per share was $0.30, compared to basic and diluted net loss per share of $0.25 in the second quarter of fiscal 2023. Non-GAAP basic and diluted net income per share was $1.45 and $1.43, 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 $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.Comments on the News\n\"We're incredibly well positioned going into the second half of our fiscal year as Workday is increasingly seen as the system of trust for enterprises around the world,\" said Carl Eschenbach, co-CEO, Workday. \"Our customers – now representing more than 65 million users under contract – rely on Workday to manage critical business processes. Our growing customer base, continued global expansion, industry growth, and partner ecosystem momentum set us up for durable long-term success. These factors, combined with the diversity of our products, the strength of our value proposition, and our winning culture make Workday one of the most enduring software busines...