Workday reports strong first quarter results
Workday has announced strong Q1 results, with total revenues of $1.02bn, up 23.4 percent year on year. Subscription revenue was also up at $882m, an increase of 25.8 percent from the same period last year.
Operating cash flows were $263.7m compared to $209.2m in the prior year and cash, cash equivalents, and marketable securities stand at $2.6bn as of April 30, 2020.
Aneel Bhusri, co-founder and CEO said: “Amidst the current environment, we are pleased with our strong Q1 results, which include several new Fortune 500 customers as well as many virtual go-lives. Our employees never cease to amaze me and despite this entirely new way of remote working, they delivered our most recent release with more than 400 new features and moved Workday Extend to general availability.”