Workday posted its fiscal Q3 quarterly adjusted earnings of $0.99 per share, which exceeded the Zacks Consensus Estimate of $0.84 per share. Earnings were $1.10 per share a year ago (according to Zacks Equity Research).
Revenues came in at $1.6 billion for the quarter (rising from $1.33 billion a year ago), beating the Zacks Consensus Estimate by 1.18%. Subscription revenue climbed +22% to $1.43 billion from a year ago (according to Zacks Equity Research).
The human capital management company boosted the low end of fiscal 2023 subscription revenue guidance to a range of $5.555 billion to $5.557 billion, or 22% growth. It also raised its fiscal 2023 non-GAAP operating margin guidance to 19.2%.