For the quarter ended July 31 non-GAAP earnings per diluted share came in at 84 cents on revenue of $1.06 billion, vs. 44 cents a share on sales of $887.8 million in the year-earlier period.
Analysts had been expecting the company to report earnings of 66 cents a share on revenue of $1 billion, based on a FactSet survey of 30 analysts.
At last check Workday shares advanced 9.6% to $237.47. During the regular session the shares rose 1.4%.
Earlier this week, Workday shares rose sharply in the wake of strong earnings from Salesforce.com (CRM) - Get salesforce.com, inc. Report. The report suggested a better-than-expected business climate for software companies during the economic shutdowns forced by the Covid-19 pandemic.
“As a result of our strong Q2 performance, we are raising our fiscal 2021 subscription revenue guidance to a range of $3.73 billion to $3.74 billion," said Robynne Sisco, Workday's president and chief financial officer, in a statement.
"We expect third-quarter subscription revenue of $948 million to $950 million. We are also raising our fiscal 2021 non-GAAP operating margin guidance to 18%."
Elsewhere Thursday, cloud stocks were generally lower.
Among notable small- and medium-cap stocks in the cloud sector, losers outpaced gainers by 2-to-1.