Workday CEO Carl Eschenbach walks to the morning meeting of the Allen & Company Sun Valley Conference on July 14, 2023 in Sun Valley, Idaho.
Kevin Dickey | Getty Images
working days Shares of the maker of human resources and financial software fell 8% in after-hours trading on Tuesday after the company issued a quarterly forecast that fell short of Wall Street forecasts.
For its fiscal fourth quarter, Workday called for adjusted operating margin of 25% and subscription revenue of $2.03 billion. Analysts polled by StreetAccount expected profit margins of 25.5% and subscription revenue of $2.04 billion.
Here’s how the company performed relative to the LSEG consensus during the fiscal third quarter:
- Earnings per share: Adjusted $1.89, expected $1.76
- income: $2.16 billion vs. $2.13 billion expected
Workday’s total revenue increased about 16% annually in the quarter ended Oct. 31, according to one company statement. Subscription revenue totaled $1.96 billion, up about 16% and in line with the $1.96 billion consensus among analysts surveyed by StreetAccount.
The company reported net income of $193 million, or 72 cents per share, an increase of $114 million, or 43 cents per share, from the same period last year. Adjusted operating margin for the quarter was 26.3%. StreetAccount had expected 25.4%.
working day says Rob Enslinformer Google and sap The top executive who resigned as UiPath CEO in June will join as president and chief commercial officer. Tell employees on the working day in October, Doug RobinsonThe co-presidents are retiring.
This quarter, Workday acquires contract lifecycle management software startup eviot. I also told you about working days. artificial intelligence agent To uncover inefficiencies, submit expense reports and update succession plans will be available in early access in 2025.
Workday shares were down 2% in 2024 as of Tuesday’s close, while the S&P 500 was up 26%.
Executives will discuss the results with analysts on a conference call starting at 4:30 p.m. ET.
This is breaking news. Please check back for updates.
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