Categories Earnings, Technology

Workday (WDAY) stock rises 12% after Q2 earnings beat

Workday (NASDAQ: WDAY) reported second-quarter financial results after the closing bell on Thursday. The software firm reported a 20% increase in Q2 revenues to $1.06 billion, beating Wall Street consensus. Subscription revenue was $931.7 million, an increase of 23.1% from the same period last year.

Net earnings of $0.84 per share also handsomely surpassed what analysts had anticipated.

WDAY shares rose 12% immediately following the announcement. The stock has increased 29% so far this year.

workday Q2 2021 earnings

Looking forward to listening to management/ analyst comments on Q2 results? Stay tuned here for Workday Q2 2021 earnings call transcript

CEO Aneel Bhusri said, “It was a strong quarter despite the environment, with continued demand for our products as more organizations realize how mission-critical cloud-based systems are in supporting their people and businesses through continuous change.”

Also Read:  How at-home meals and quick-scratch cooking drove Campbell Soup (CPB) to a strong finish in FY2020

Most Popular

COVID-19 drove retailers up the digital path years ahead than anticipated

Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to

Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles

Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming

Adobe (ADBE) sees new tailwinds as virtual shift gathers steam

The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related