Workday (WDAY) Earnings & Revenues Beat Estimates In Q2
Zacks Investment Research | Aug 29, 2019 09:37PM ET
Workday Inc. (NASDAQ:WDAY) delivered second-quarter fiscal 2020 non-GAAP earnings of 44 cents per share, which beat the Zacks Consensus Estimate of 35 cents. The figure also improved from 31 cents reported in the year-ago quarter.
Robust growth can primarily be attributed to an improvement of 32.2% in revenues, which totaled $887.8 million. The figure outpaced the Zacks Consensus Estimate for revenues of $872 million. The upside was driven by solid growth in subscription and professional services revenues.
Notably, Workday’s stock has returned 21.4% in the past one year, outperforming the Zacks Investment Research
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