Workday's stock drops as cut to subscription-sales outlook gives investors pause
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Workday's stock experienced a decline due to a reduced outlook for subscription sales, despite reporting another quarterly earnings beat.
November 26, 2024 | 11:00 pm
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Workday's stock fell as the company lowered its subscription revenue outlook, despite reporting a quarterly earnings beat.
The reduction in subscription revenue outlook is a significant factor for investors, as it suggests potential future revenue challenges. This overshadowed the positive news of an earnings beat, leading to a decline in stock price.
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