Workday, Inc. Provides Earnings Guidance for Second Quarter and Full Year of 2023
May 26, 2022 at 04:30 pm EDT
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Workday, Inc. provided earnings guidance for second quarter and full year of 2023. For the quarter, The company expects subscription revenue to be $1.353 billion to $1.355 billion, 22% year-over-year growth and professional services revenue to be $164 million.
For the year, The company expects subscription revenue to be in the range of $5.537 billion to $5.557 billion, representing 22% year-over-year growth and professional services revenue to be $650 million.
Workday Inc. is specialized in the publishing of cloud-based management software for businesses, educational institutions and government bodies. The group offers financial management and human resources and analytical solutions for the finance, technology, communications, professional services, healthcare, pharmaceuticals, insurance, manufacturing, distribution, hotel, higher education and government administration sectors.
Net sales by source of income break down between sales and subscriptions (89.6%) and professional services (10.4%).
75.3% of the revenue is generated in the United States.
WORKDAY INC. 
