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].

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 ...

Partnership Provides Protiviti Additional Strength to Deliver Technology Modernization and Business Transformations for Clients MENLO PARK, Calif., Aug. 12, 2024 /PRNewswire/ -- Global consulting firm Protiviti today announced it has been named a Workday Services Partner by Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. As a Workday Services partner, Protiviti will collaborate with Workday to manage customers' workforce programs and impleme ...

LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- WHAT: During Workday Rising 2024, Avaap will showcase two Workday transformation success stories to help leaders in the higher education and non-profit sectors prepare for change and modernization in their organizations and institutions. These sessions will address the benefits, preparation, and considerations required when transforming systems with Workday. Each session will address critical questions such as: What are best practices to gain executive buy-in? Wh ...

PLEASANTON, Calif., Aug. 2, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, plans to announce its fiscal 2025 second quarter financial results after market close on Thursday, August 22, 2024. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to review its financial results and business outlook. A live webcast of the event will be available on the Workday Investor Relations site. T ...

PLEASANTON, Calif., Aug. 2, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that it will host its financial analyst day on Tuesday, September 17, 2024 in Las Vegas at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The event will take place during Workday Rising, the company's annual customer conference. A live webcast of the event will be available on the Workday Investor Relations site. The replay of t ...

HiredScore AI for Recruiting and Talent Mobility Solutions Are Now Available Through Workday to Boost Recruiter Productivity and Empower Hiring Managers and Employees Company Unveils AI Enhancements to Workday Job Architecture to Accelerate Skills-Based Talent Strategies PLEASANTON, Calif., Aug. 1, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that HiredScore AI for Recruiting and HiredScore AI for Tale ...

Strategic Partnership Expansion - Workday and Kainos announced an expanded strategic partnership to jointly advance the development and distribution of purpose-built apps for Workday customers through the Built on Workday program [5] - The partnership will enable Kainos to accelerate distribution of its products while reaching an expanded customer base [10] - Workday's sales teams across North America, Europe, and Asia Pacific will be incentivized to introduce and co-sell Kainos products [10] Built on Workday Program - Built on Workday enables Workday partners to easily build, launch, and centrally manage apps on the Workday platform [1] - The program provides partners with opportunities to accelerate and scale their app development while addressing customers' evolving business, industry, and regional challenges [1] - Kainos' innovative apps will now be listed and visible to Workday customers globally via Workday Marketplace, which features curated AI solutions adhering to the Workday Responsible AI Governance Framework [11] Kainos Products and Market Impact - Customers will have direct and seamless access to Kainos' best-in-class products, including Kainos Smart Test, Kainos Smart Audit, and Kainos Employee Document Management [10] - These products will help customers automate and scale their Workday operations and maintenance while maximizing the use of the Workday platform [10] - Kainos expects this partnership to more than triple its Annual Recurring Revenue (ARR) over the next six years [6] Company Overviews - Workday is a leading enterprise platform used by more than 10,500 organizations globally, including over 60% of the Fortune 500, to manage people and money [2] - Kainos employs more than 2,900 people across 23 countries and operates through three divisions: Digital Services, Workday Services, and Workday Products [3] - Kainos is listed on the London Stock Exchange (LSE: KNOS) and focuses on using technology to solve real problems for customers and improve business operations [3]