Solid set of results for Workday

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Workday has reported a strong fiscal 2021 Q2 and has raised its subscription revenue guidance for the full year to a range of $3.73bn to $3.74bn as a result.

Workday’s fiscal 2021 Q2 results showed that total revenue increased 19.6 percent year-on-year to $1.06bn, subscription revenue increased 23.1 percent year-on-year to $931.7m, and operating loss was $16.8m compared to a loss of $122.5m in the same period last year.

Aneel Bhusri, Workday co-founder and co-CEO said: “It was a strong quarter despite the environment, with continued demand for our products as more organisations realise how mission critical cloud-based systems are in supporting their people and businesses through continuous change. As we navigate this unique time, we will continue to deliver new solutions that extend the power of Workday to help customers make more informed people and finance decisions, including how to safely return to work.”