Workday is a company that makes software for things like keeping track of money and helping with people at work. Their stock, which people buy and sell, went up by 12% before the market opened on a day. This is because they made more money than people thought they would, and they think they will keep doing well. Read from source...

no personal story critics available for the article titled `Workday Shares Are Trading 12% Higher In Premarket Today: Here'

Workday Inc. (WDAY) shares are trading 12% higher in the premarket today, following the company's impressive Q2 results and encouraging long-term outlook. Workday's Q2 revenue of $2.08 billion exceeded the consensus estimate of $2.07 billion, while the company's adjusted EPS of $1.75 also surpassed analyst estimates of $1.65. Workday has a 12-month subscription revenue backlog of $6.8 billion, indicating a 16.1% YoY increase. The total subscription revenue backlog was reported at $21.58 billion, marking a 20.9% rise YoY. Workday generated $571 million in operating cash flows and $516 million in free cash flow during Q2. The company ended Q2 with a substantial $7.37 billion in cash, cash equivalents, and marketable securities. Workday projects its Q3 subscription revenue to be around $1.955 billion, signifying a growth of 16%. The company's full-year revenue is anticipated to be in the range of $7.7 billion to $7.725 billion.

While Workday's impressive Q2 results and long-term outlook are positive, the risks include potential changes in the economy, shifts in market demand, and competitors in the software industry. Investors should consider these factors before making investment decisions.