Workday forecasts fourth-quarter subscription revenue below estimates as client spending weakens
Portfolio Pulse from
Workday has forecasted its fourth-quarter subscription revenue to be below Wall Street expectations due to weaker client spending on its human capital management software.
November 26, 2024 | 10:15 pm
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Workday's forecast for fourth-quarter subscription revenue is below Wall Street expectations, attributed to weaker client spending on its software.
The news directly impacts Workday as it indicates a potential decline in revenue growth, which is likely to negatively affect investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100