Workday delivered a robust second quarter result and went on to achieve the target price from our last report. The company’s performance was driven by outstanding execution against a rapidly improving market backdrop as organizations accelerate the pace of digital transformation across finance and HR. In Q2, the company’s subscription revenue was $1.11 billion, up 20% year-over-year, driven by favorable in-quarter linearity, robust new business sales, and an over performance on customer renewals ....
