Workday, Inc. Provides Subscription Revenue Guidance for the Third Quarter of Fiscal Year 2023 and Maintains Subscription Revenue Guidance for the Fiscal Year 2023
August 25, 2022 at 04:01 pm EDT
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Workday, Inc. provided subscription revenue guidance for the third quarter of fiscal year 2023 and maintains subscription revenue guidance for the fiscal year 2023. The company expects third quarter subscription revenue of $1.418 billion to $1.420 billion, growth of 21%.
The company is maintaining their guidance for fiscal 2023 subscription revenue to be in the range of $5.537 billion to $5.557 billion, representing 22% year-over-year growth.
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. Provides Subscription Revenue Guidance for the Third Quarter of Fiscal Year 2023 and Maintains Subscription Revenue Guidance for the Fiscal Year 2023
WORKDAY INC. 
