Workday reported strong fiscal 2025 third quarter results with total revenues reaching $2.16 billion, up 15.8% YoY. Subscription revenues grew 15.8% to $1.959 billion, while operating income nearly doubled to $165 million or 7.6% of revenues. The company's 12-month subscription revenue backlog increased 15.3% to $6.98 billion.Operating cash flows were $406 million with free cash flows of $359 million. The company maintained a solid financial position with $7.16 billion in cash and marketable securities. Looking ahead, Workday expects fiscal 2025 subscription revenue of $7.703 billion, representing 17% growth, and targets a non-GAAP operating margin of 25.5%.The quarter saw several strategic developments, including the launch of Workday Illuminate - their next-generation AI platform, the acquisition of AI-native document intelligence platform Evisort, and the addition of multiple full suite customers. The company also appointed Rob Enslin as president and chief commercial officer while expanding its partner ecosystem with new Industry Accelerators.

Workday reported strong fiscal 2025 third quarter results with total revenues reaching $2.16 billion, up 15.8% YoY. Subscription revenues grew 15.8% to $1.959 billion, while operating income nearly doubled to $165 million or 7.6% of revenues. The company's 12-month subscription revenue backlog increased 15.3% to $6.98 billion.Operating cash flows were $406 million with free cash flows of $359 million. The company maintained a solid financial position with $7.16 billion in cash and marketable securities. Looking ahead, Workday expects fiscal 2025 subscription revenue of $7.703 billion, representing 17% growth, and targets a non-GAAP operating margin of 25.5%.The quarter saw several strategic developments, including the launch of Workday Illuminate - their next-generation AI platform, the acquisition of AI-native document intelligence platform Evisort, and the addition of multiple full suite customers. The company also appointed Rob Enslin as president and chief commercial officer while expanding its partner ecosystem with new Industry Accelerators.