Workday Inc

19.69 (10.02%)
Share Name Share Symbol Market Type
Workday Inc NASDAQ:WDAY NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  19.69 10.02% 216.10 214.40 216.99 218.88 211.14 214.78 6,730,650 01:00:00

Workday Shares Gain 8.3% After 1Q Earnings Beat

25/05/2023 10:22pm

Dow Jones News

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By Paul Ziobro


Shares of Workday rose late Thursday after the cloud software company posted better-than-expected first-quarter results and improved its outlook.

The stock rose 8.3% to $212.68 in after-market trading after closing the regular session at $196.41.

The Pleasanton, Calif.-based company earlier adjusted earnings and revenue ahead of Wall Street expectations, according to FactSet.

The company also slightly raised the low end of its subscription revenue guidance for the current fiscal year, and maintained its view for an adjusted operating margin of 23%.

For its current quarter, it expects subscription revenue of around $1.61 billion, up 18% from a year ago, in line with analyst estimates.


Write to Paul Ziobro at paul.ziobro@wsj.com


(END) Dow Jones Newswires

May 25, 2023 17:07 ET (21:07 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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