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.”

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