Press release
Workday Announces Fiscal 2025 Second Quarter Financial Results
Fiscal Second Quarter Total Revenues of $2.085 Billion, Up 16.7% Year Over YearSubscription Revenues of $1.903 Billion, Up 17.2% Year Over Year PLEASANTON,
About this update from Workday, Inc.
[{"type":"text","content":"Fiscal Second Quarter Total Revenues of $2.085 Billion, Up 16.7% Year Over YearSubscription Revenues of $1.903 Billion, Up 17.2% Year Over Year\nPLEASANTON, Calif., Aug. 22, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced results for the fiscal 2025 second quarter ended July 31, 2024.\n\n \n \n \n \n \n \n\n \nFiscal 2025 Second Quarter Results\nTotal revenues were $2.085 billion, an increase of 16.7% from the second quarter of fiscal 2024. Subscription revenues were $1.903 billion, an increase of 17.2% from the same period last year.Operating income was $111 million, or 5.3% of revenues, compared to an operating income of $36 million, or 2.0% of revenues, in the same period last year. Non-GAAP operating income for the second quarter was $518 million, or 24.9% of revenues, compared to a non-GAAP operating income of $421 million, or 23.6% of revenues, in the same period last year.1Diluted net income per share was $0.49, compared to diluted net income per share of $0.30 in the second quarter of fiscal 2024. Non-GAAP diluted net income per share was $1.75, compared to non-GAAP diluted net income per share of $1.43 in the same period last year.112-month subscription revenue backlog was $6.80 billion, up 16.1% from the same period last year. Total subscription revenue backlog was $21.58 billion, increasing 20.9% year-over-year.Operating cash flows were $571 million compared to $425 million in the prior year. Free cash flows were $516 million compared to $360 million in the prior year.1Workday repurchased approximately 1.4 million shares of Class A common stock for $309 million as part of its share repurchase program.Cash, cash equivalents, and marketable securities were $7.37 billion as of July 31, 2024.1\nSee the section titled \"About Non-GAAP Financial Measures\" in the accompanying financial tables for further details.\nComments on the News\n\"Workday delivered a solid quarter of growth and operating margin expansion, as businesses of all sizes and industries around the world increasingly turn to Workday as their trusted partner in navigating the future of work,\" said Carl Eschenbach, CEO, Workday. \"Through the power of our unified, AI-powered platform and our expanding partner ecosystem, we're reimagining HR and Finance to c...