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Revenue grew 16.3% year-over-year to $1.79 billion, beating the consensus estimate of $1.77B. Subscription revenues rose 18.8% year-over-year to $1.62B. 24-month subscription revenue backlog was $10.27B, representing a 22.7% year-over-year growth.
“We’re incredibly well positioned going into the second half of our fiscal year as Workday is increasingly seen as the system of trust for enterprises around the world,” said co-CEO Carl Eschenbach.
For Q3/24, the company expects total revenue in the range of $1.843-$1.845B, with subscription revenue of $1.678-$1.68B.
For the full year, the company sees total revenue of $7.20-$7.240B, with subscription revenue of $6.57-$6.59B.
