Why Workday Shares Are Getting Bid Up After Hours
Portfolio Pulse from Adam Eckert
Workday Inc (NASDAQ:WDAY) reported better-than-expected Q1 results with revenue of $1.68 billion, up 17.4% YoY, and earnings of $1.31 per share. The company guided for Q2 subscription revenue of $1.611 billion to $1.613 billion and full-year subscription revenue between $6.55 billion and $6.575 billion. Zane Rowe was appointed as CFO, effective June 12.
May 25, 2023 | 8:45 pm
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Workday Inc reported better-than-expected Q1 results and provided strong guidance for Q2 and full-year subscription revenue. The company also appointed a new CFO.
Workday Inc's better-than-expected Q1 results and strong guidance for Q2 and full-year subscription revenue indicate a positive outlook for the company. The appointment of a new CFO also signals a potential change in financial leadership. These factors are likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100