Workday (WDAY) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 7.36%. A quarter ago, it was expected that this maker of human resources software would post earnings of $1.57 per share when it actually produced earnings of $1.74, delivering a surprise of 10.83%. Over the last four quar ...

Investor Presentation Q2 FY25 Safe Harbor Statement This presentation may contain forward-looking statements for which there are risks, uncertainties, and assumptions. Forward-looking statements may include any statements regarding strategies or plans for future operations; any statements concerning new features, enhancements or upgrades to our existing applications or plans for future applications; any projections of revenues, gross margins, earnings, or other financial items; and any statements of expecta ...

Revenue Performance - Total revenues for Q2 FY2025 were $2.085 billion, up 16.7% year-over-year, with subscription revenues of $1.903 billion, an increase of 17.2% from the same period last year[1]. - Total revenues for the three months ended July 31, 2024, increased to $2,085 million, up 16.7% from $1,787 million in the same period last year[12]. - Subscription services revenue reached $1,903 million for the three months ended July 31, 2024, compared to $1,624 million for the same period in 2023, reflecting a growth of 17.1%[12]. - For Q3 FY2025, Workday expects subscription revenue of $1.955 billion, representing growth of 16%[5]. Profitability Metrics - Operating income was $111 million, or 5.3% of revenues, compared to $36 million, or 2.0% of revenues, in the same period last year; non-GAAP operating income was $518 million, or 24.9% of revenues[1]. - Net income for the three months ended July 31, 2024, was $132 million, a significant increase from $79 million in the same period last year, representing a growth of 67.1%[12]. - Non-GAAP operating income for the three months ended July 31, 2024, was $518 million, compared to $421 million for the same period in 2023, representing a 23% increase[17]. - Workday's diluted net income per share was $0.49, compared to $0.30 in Q2 FY2024; non-GAAP diluted net income per share was $1.75, up from $1.43[1]. - The company reported a diluted net income per share of $0.49 for the three months ended July 31, 2024, compared to $0.30 for the same period in 2023, marking a growth of 63.3%[12]. Cash Flow and Financial Position - Workday's cash, cash equivalents, and marketable securities totaled $7.37 billion as of July 31, 2024[1]. - Cash provided by operating activities for the three months ended July 31, 2024, was $571 million, compared to $425 million in the same period last year, showing an increase of 34.4%[14]. - Free cash flows for the six months ended July 31, 2024, were $807 million, compared to $579 million for the same period in 2023, indicating a 39% increase[19]. - Cash, cash equivalents, and restricted cash at the end of the period were $1,649 million, compared to $1,448 million at the end of the same period last year, indicating an increase of 13.9%[14]. Subscription Backlog - 12-month subscription revenue backlog reached $6.80 billion, up 16.1% year-over-year, while total subscription revenue backlog was $21.58 billion, increasing 20.9% year-over-year[1]. Market Position and Shareholder Actions - Workday's market share for ERP Worldwide SaaS revenue was reported at 19.6% in 2023, the largest in the industry according to Gartner[4]. - The company announced a new share repurchase program to buy back up to an additional $1.0 billion of its Class A common stock[4]. - Workday now has over 70 million users under contract and more than 2,000 Workday Financial Management customers[3]. Cost and Expense Management - Total costs and expenses for the three months ended July 31, 2024, were $1,974 million, an increase from $1,751 million in the same period last year, reflecting a rise of 12.8%[12]. - Total share-based compensation expenses for the six months ended July 31, 2024, were $755 million, up from $722 million in the same period last year, reflecting a growth of 4.6%[13]. - Share-based compensation expenses for the three months ended July 31, 2024, were $370 million, compared to $352 million for the same period in 2023, reflecting a 5% increase[17]. - Capital expenditures for the three months ended July 31, 2024, were $55 million, down from $65 million in the same period last year, indicating a 15% decrease[19]. Future Guidance - The company updated its FY2025 subscription revenue guidance to between $7.700 billion and $7.725 billion, representing approximately 17% growth[5]. - The projected non-GAAP tax rate for fiscal 2024 and 2025 is set at 19%[23]. - Workday plans to exclude certain acquisition-related costs and realignment costs from its non-GAAP results starting fiscal 2025[20].

Fiscal Second Quarter Total Revenues of $2.085 Billion, Up 16.7% Year Over Year Subscription Revenues of $1.903 Billion, Up 17.2% Year Over Year PLEASANTON, 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. Fiscal 2025 Second Quarter Results Total revenues were $2.085 billion, an increase of 16.7% from the second quarter of fis ...

Workday's Employment Verification Connector For Equifax Will Help Workday Customers Verify Employment and Income Details Faster and More Efficiently, Streamlining Operations and Reducing Costs PLEASANTON, Calif. and ATLANTA, Aug. 22, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, and Equifax (NYSE: EFX), a global data, analytics and technology company, today announced a new strategic partnership to help make employment ...

Workday, Inc. WDAY is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 22. Analysts expect the Pleasanton, California-based company to report quarterly earnings at $1.65 per share, up from $1.43 per share in the year-ago period. Workday is projected to report quarterly revenue of $2.07 billion, according to data from Benzinga Pro. On Aug. 21, Axonify signed a partnership agreement with Workday. Workday shares gained 0.5% to close at $233.51 on Wednesday. ...

Workday, Inc. (WDAY) recently entered into a partnership agreement with Axonify to improve frontline worker engagement and learning through leveraging their combined capabilities. Axonify specializes in mobilefirst learning management systems that utilize microlearning and AI-powered reinforcement to match the needs of today's frontline employees. Consequently, the Workday Human Capital Management product suite offers a comprehensive array of tools designed to support various aspects of workforce management ...

Workday, Inc. (WDAY) has unveiled its cutting-edge global HR and payroll solution in collaboration with Strada, aimed at providing organizations with a unified view of their payroll data to enhance business growth and success. Dubbed Workday Payroll provided by Strada, this solution leverages AI to analyze and interpret extensive HR and payroll data, providing predictive insights and supporting data-driven decision-making. It also aims to enable businesses to customize payroll services to meet local regulat ...

WATERLOO, ON, Aug. 21, 2024 /PRNewswire/ -- Axonify, a leader in frontline employee training and communications solutions, today announced it has signed a partnership agreement with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. This agreement aims to enhance frontline worker engagement and learning through integrated solutions between Axonify and Workday. With this partnership, Axonify will leverage its expertise in frontline engagement to ...

Company Unleashes the Power of the Workday Partner Ecosystem to Streamline and Simplify the Payroll Experience PLEASANTON, Calif., Aug. 20, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced Global Payroll Connect, a unified global payroll solution that can seamlessly connect with payroll providers to deliver an end-to-end global payroll experience. With integrations across Workday's global partner ecosystem ...