Summary by Moomoo AI
Workday delivered solid Q2 FY25 results with total revenues of $2.085B, up 16.7% YoY. Subscription revenues grew 17.2% to $1.903B. Operating income was $111M, or 5.3% of revenues, compared to $36M in Q2 FY24. Non-GAAP operating income reached $518M, or 24.9% of revenues.The company reported diluted EPS of $0.49 and non-GAAP diluted EPS of $1.75. 12-month subscription revenue backlog increased 16.1% YoY to $6.80B, while total backlog grew 20.9% to $21.58B. Operating cash flows were $571M and free cash flows were $516M.Workday announced a new $1B share repurchase program. The company maintained its FY25 subscription revenue guidance of $7.700B to $7.725B, while slightly raising its FY25 non-GAAP operating margin expectation. For Q3 FY25, Workday expects subscription revenue of $1.955B and a non-GAAP operating margin of 25.25%.
