Workday Shares Gain 8.3% After 1Q Earnings Beat
26 May 2023 - 7:22AM
Dow Jones News
By Paul Ziobro
Shares of Workday rose late Thursday after the cloud software
company posted better-than-expected first-quarter results and
improved its outlook.
The stock rose 8.3% to $212.68 in after-market trading after
closing the regular session at $196.41.
The Pleasanton, Calif.-based company earlier adjusted earnings
and revenue ahead of Wall Street expectations, according to
FactSet.
The company also slightly raised the low end of its subscription
revenue guidance for the current fiscal year, and maintained its
view for an adjusted operating margin of 23%.
For its current quarter, it expects subscription revenue of
around $1.61 billion, up 18% from a year ago, in line with analyst
estimates.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
May 25, 2023 17:07 ET (21:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Workday (NASDAQ:WDAY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Workday (NASDAQ:WDAY)
Historical Stock Chart
From Apr 2023 to Apr 2024
