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published in Blogs
Nov 30, 2022
Workday (WDAY, $159.00) tops fiscal Q3 earnings expectations

Workday (WDAY, $159.00) tops fiscal Q3 earnings expectations

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%.

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