On September 27, Workday Provided Long-Term Guidance At Co's Rising Event, Workday Said It Now Expects 17%-19% Subscription Revenue Growth Through FY27, Below The Consensus Of 20.6% Growth
Portfolio Pulse from Benzinga Newsdesk
Workday has provided long-term guidance at its Rising Event, stating it now expects 17%-19% subscription revenue growth through FY27. This is below the consensus of 20.6% growth.
September 28, 2023 | 2:11 pm
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NEGATIVE IMPACT
Workday's projected subscription revenue growth of 17%-19% through FY27 is lower than the consensus estimate of 20.6%.
Workday's lower than expected revenue growth projection could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100