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Workday reports Q4 beat, appoints co-president & board members

Published 28/02/2023, 08:40 am
© Reuters.

By Davit Kirakosyan

Workday (NASDAQ:WDAY) reported its Q4 results, with EPS of $0.99 coming in better than the consensus estimate of $0.89. Revenue grew 19.6% year-over-year to $1.65 billion, beating the consensus estimate of $1.63B. Subscription revenues increased 21.7% year-over-year to $1.50B.

"We are maintaining the midpoint of our preliminary fiscal year 2024 subscription revenue guidance while increasing our fiscal 2024 non-GAAP operating margin outlook to the high end,” said Barbara Larson, CFO of Workday.

The company now expects full-year subscription revenue in the range of $6.525-$6.575B (growth of 17%-18%), and a non-GAAP operating margin of 23.0%.

The company also appointed Sayan Chakraborty as co-president, Robynne Sisco as vice chair, and elected Mark Hawkins as an independent director of its Board of Directors.

Shares were trading 1% lower after-hours.

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