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workday Source : Workday , Inc. May 26 , 2021 16:01 ET Workday Announces Fiscal 2022 First Quarter Financial Results Fiscal First Quarter Total Revenues of $ 1.18 Billion , Up 15.4 % Year Over Year Subscription Revenue of $ 1.03 Billion , Up 17.0 % Year Over Year 24 - Month Subscription Revenue Backlog of $ 6.59 Billion , Up 19.5 % Year Over Year Total Subscription Revenue Backlog of $ 10.08 Billion , Up 23.0 % Year Over Year PLEASANTON , Calif . , May 26 , 2021 ( GLOBE NEWSWIRE ) -- Workday , Inc. ( NASDAQ : WDAY ) , a leader in enterprise cloud applications for finance and human resources , today announced results for the fiscal 2022 first quarter ended April 30 , 2021 . Fiscal 2022 First Quarter Results • Total revenues were $ 1.18 billion , an increase of 15.4 % from the first quarter of fiscal 2021. Subscription revenue was $ 1.03 billion , an increase of 17.0 % from the same period last year . • Operating loss was $ 38.3 million , or negative 3.3 % of revenues , compared to an operating loss of $ 144.5 million , or negative 14.2 % of revenues , in the same period last year . Non - GAAP operating income for the first quarter was $ 288.5 million , or 24.6 % of revenues , compared to a non - GAAP operating income of $ 130.5 million , or 12.8 % of revenues , in the same period last year . 1 • Net loss per basic and diluted share was $ 0.19 , compared to a net loss per basic and diluted share of $ 0.68 in the first quarter of fiscal 2021. Non - GAAP net income per diluted share was $ 0.87 , compared to a non GAAP net income per diluted share of $ 0.44 in the same period last year.² • Operating cash flows were $ 452.4 million compared to $ 263.7 million in the prior year . • Cash , cash equivalents , and marketable securities were $ 2.99 billion as of April 30 , 2021 . Comments on the News " It was a strong start to the year as more organizations turn to Workday to accelerate their digital transformation efforts and meet the evolving finance and workforce demands for a post - pandemic world , " said Aneel Bhusri , co founder , co - CEO , and chairman , Workday . " As we look to future growth and innovation , our values are stronger than ever with our employees foundational to continued customer success , which is why we're investing heavily in growing our workforce . In doing so , we can further embrace the opportunity in front of us to partner with more organizations globally . " " Building on last year's momentum , our first quarter bookings outperformance , combined with ongoing strength in our pipeline , demonstrates continued demand for our solutions and increased confidence in new bookings acceleration this fiscal year , " said Chano Fernandez , co - CEO , Workday . " A big thanks to our employees and partners around the world who play an important role in helping us achieve continued customer momentum . As we look ahead , we'll be making investments across our organization and in new market opportunities so we can expand our efforts and build on this great start to the year . " " We delivered solid first - quarter results driven by strong execution against an improving market backdrop , " said Robynne Sisco , president and chief financial officer , Workday . " As a result , we are raising our fiscal 2022 guidance for subscription revenue to a range of $ 4.425 to $ 4.440 billion , growth of 17 % . We expect second quarter subscription revenue of $ 1.095 billion to $ 1.097 billion , growth of 18 % . We are also raising our fiscal 2022 non - GAAP operating margin guidance to a range of 18 % to 19 % . " Recent Highlights