Workday: revenues jump to $1.54B (+21.9%) in Q2

Workday, a leader in enterprise cloud applications for finance and human resources, reported in the second quarter for fiscal year 2023 total revenues of $1.54 billion, up 21.9 percent from the previous year, and subscription revenues of $1.37 billion, 22.8 percent higher than last year. For fiscal year 2023, Workday expects subscription revenues in the range of $5.537 billion to $5.557 billion.

Workday also announced that this quarter there were several more customers (both public institutions and private companies) who chose Workday's financial management system.

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Aneel Bhusri, co founder, co-CEO and president of Workday said, "Our results, which outperformed against our key operational metrics, underscore the continued importance of digital transformation for finance and human resources. And, despite the current uncertainty, we remain confident in our long-term growth prospects as Workday continues to serve as an indispensable partner for our clients."

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