a leader in enterprise cloud applications for finance and human resources, announced results for the fiscal 2020 second quarter ended July 31, 2019.
Fiscal 2020 Second Quarter Results
- Total revenues were $887.8 million, an increase of 32.2% from the second quarter of fiscal 2019. Subscription revenue was $757.2 million, an increase of 33.9% from the same period last year.
- Operating loss was $122.5 million, or negative 13.8% of revenues, compared to an operating loss of $89.0 million, or negative 13.2% of revenues, in the same period last year. Non-GAAP operating income for the second quarter was $117.5 million, or 13.2% of revenues, compared to a non-GAAP operating income of $68.1 million, or 10.1% of revenues, in the same period last year.¹
- Net loss per basic and diluted share was $0.53, compared to a net loss per basic and diluted share of $0.40 in the second quarter of fiscal 2019. Non-GAAP net income per diluted share was $0.44 compared to a non-GAAP net income per diluted share of $0.31in the same period last year.²
- Operating cash flows were $100.3 million compared to $57.6 million in the same period last year.
- Cash, cash equivalents, and marketable securities were $1.93 billion as of July 31, 2019.
- Unearned revenues were $1.89 billion, a 27.1% increase from the same period last year.
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