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Workday, Inc. (NASDAQ:WDAY) reported upbeat earnings for its fourth quarter after the closing bell on Monday.
Workday reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.47 by 6.8%. The company reported quarterly sales of $1.92 billion which met the analyst consensus estimate and represents a 16.77% increase over sales of $1.65 billion from the same period last year.
Workday also announced its intent to acquire HiredScore, but did not disclose the terms.
“Workday’s results this quarter are a testament to the strength of our value proposition and the durability of our business,” said Carl Eschenbach, CEO of Workday. “We’re seeing continued momentum with full platform customer wins and expansions within our base, strengthening international performance, growth of our partner ecosystem, and the seamless execution of nearly 19,000 Workmates across the globe – all setting us up for an incredible fiscal year 2025,” Eschenbach added.
Workday reiterated its fiscal year 2025 subscription revenue guidance of between $7.725 billion and $7.775 billion, representing growth of 17% to 18%. The company expects fiscal year 2025 non-GAAP operating margin of approximately 24.5%.
Workday shares fell 2.8% to trade at $298.72 on Tuesday.
These analysts made changes to their price targets on Workday after the company reported quarterly results.
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Posted In: WDAY