Workday Posts Subscription Revenue of $434.5 M, a 42 Percent Increase
Last week Workday, Inc. (NYSE: WDAY), an enterprise cloud application provider for the finance and human resource sectors, reported its quarterly financials for the fiscal second quarter ended July 31, 2017. The company reported total revenue of $525.3 million, representing a 40.6 percent increase over the same period last year. Subscription revenue was $434.5 million, a 42 percent increase year-over-year. Total revenues were higher than an analyst’s revenue estimate of $506.8 million, reported by Benzinga. Subscription revenue also exceeded the analyst’s estimate of $421.8 million.
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