Workday Reports Q4 Results, Intends To Acquire HiredScore
Portfolio Pulse from Erica Kollmann
Workday, Inc. (NASDAQ:WDAY) reported Q4 earnings of $1.57 per share, beating estimates by 6.8%, and quarterly sales of $1.92 billion, meeting estimates with a 16.77% year-over-year increase. The company's subscription revenue backlog rose to $20.9 billion, up 27% from last year. Workday also announced plans to acquire HiredScore, terms undisclosed. The company reiterated its FY2025 subscription revenue guidance of $7.725 to $7.775 billion, indicating 17% to 18% growth, and expects a non-GAAP operating margin of about 24.5%. After the announcement, WDAY shares dropped 5.6% in after-hours trading to $290.00.
February 26, 2024 | 9:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Workday reported strong Q4 earnings and sales, announced the acquisition of HiredScore, and reiterated positive FY2025 guidance. However, shares fell 5.6% after-hours.
The drop in Workday's share price despite strong Q4 results and positive FY2025 outlook may be due to market reactions to the acquisition news or other external factors not detailed in the report. The significant after-hours price movement indicates a strong short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100