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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
  -1.22 -0.68% 177.66 175.00 177.65 179.74 176.53 177.09 1,189,779 21:55:51

Workday Shares Up 5.8% After Hours on Higher 3Q Revenue

29/11/2022 10:16pm

Dow Jones News


Workday (NASDAQ:WDAY)
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By Kathryn Hardison

 

Shares of Workday Inc. rose 5.8% to $151.68 in after-hours trading on Tuesday after the company reported higher third-quarter revenue as organizations continue to use its enterprise cloud applications for finance and human resources.

The company said quarterly revenue climbed 21% to $1.60 billion, while subscription revenue increased 22% to $1.43 billion.

Co-Chief Executive Chano Fernandez said the company's results represent how organizations are continuing to choose Workday's services during their digital transformations.

The company swung to a loss of $74.7 million, or 29 cents per share, from a profit of $43.4 million, or 17 cents per share a year ago. Adjusted per-share earnings were 99 cents.

Workday also said it was raising the low end of its fiscal 2023 subscription revenue guidance to a range of $5.555 billion to $5.557 billion.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

November 29, 2022 17:01 ET (22:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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