Workday's Q1 FY2025 earnings exceeded estimates at $1.74/share, $1.99B revenue, but lowered full-year subscription revenue guidance and increased adjusted operating margin outlook.
Workday reported Q1 FY2025 earnings of $1.74 per share, exceeding analyst estimates of $1.58. Revenue increased 18.1% to $1.99 billion, also surpassing expectations. However, Workday cut its full-year subscription revenue guidance to $7.7B-$7.725B from $7.725B-$7.775B due to "elevated sales scrutiny and lower customer headcount growth". The company's adjusted operating margin outlook was increased to 25%.
May 23, 2024
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