Market Updates
Workday Q2 Revenues Rise 22%
Scott Peters
26 Aug, 2022
New York City
Workday Inc increased 2.7% to $166.83 after the human resource software company said the company is still closing new deals.
"We continue to see a strong global demand for our products," said Aneel Bhusri, co-founder, co-CEO, and chairman.
Fiscal year second quarter total revenues increased 21.9% to $1.54 billion.
The company swung to a net loss of $64.2 million from a profit of $105.7 million a year ago.
Diluted loss per share in the quarter was 25 cents compared to a profit of 43 cents a year ago.
In the second quarter, operating cash flow fell sharply to $114.4 million from $198.5 million a year ago.
Cash, cash equivalents, and marketable securities rose to $6.29 billion at the end of the quarter, from $3.6 billion a year ago.
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