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.”

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top