Workday Shares Up 11% After Hours on Higher 2Q Revenue, 3Q Outlook
August 25 2022 - 5:34PM
Dow Jones News
By Kathryn Hardison
Shares of Workday Inc. rose 11% to $180.40 during after-hours
trading on Thursday after the company reported higher subscription
revenue and that it expects that momentum to continue in the third
quarter.
The company, which offers enterprise cloud applications for
finance and human resources, said revenue climbed 22% to $1.54
billion. Subscription revenue increased 23% to $1.37 billion.
Net loss was $64.2 million, or 25 cents per share, compared with
a profit of $105.7 million, or 41 cents per share, a year ago.
Workday guided for third-quarter subscription revenue of $1.418
billion to $1.42 billion.
The company also raised its adjusted operating margin outlook to
19% for the fiscal year. Full-year guidance for subscription
revenue was maintained between $5.54 billion and $5.56 billion.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
August 25, 2022 17:19 ET (21:19 GMT)
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