By Yasin Ebrahim
Investing.com - Workday (NASDAQ:WDAY) raised its full-year guidance Thursday after second quarter results beat analysts' forecasts as growing demand from enterprise customers bolstered subscription revenues.
Full-year subscription revenue was guided in a range of $4.5 billion and $4.51 billion, up from $4.43 billion and $4.44 billion, previously. Adjusted operating margin guidance was raised to 21% from a range of 18% to 19% previously.
Workday announced earnings per share of $1.23 on revenue of $1.26 billion. Analysts polled by Investing.com anticipated EPS of 78 cents on revenue of $1.24 billion.
The beat on the top line was driven by a 19.5% rise in subscription revenue to $1.11 billion.
"We expect third-quarter subscription revenue of $1.156 billion to $1.158 billion, 20% growth at the high end," the company said.
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