Workday Inc on Thursday reported quarterly profit and revenue that topped Wall Street expectations, but shares fell 3% in extended trading after company issued a weak revenue outlook.
The company posted second-quarter earnings of $2.21 per share, compared with analysts’ estimates of $2.11.
Revenue rose to $2.35 billion, slightly above expectations of $2.34 billion.
Workday (NASDAQ:WDAY) projected revenue of $2.235 billion missing analysts’ forecast of $2.423 billion for current quarter.
It also guided full-year fiscal 2026 revenue to $8.815 billion, lower that Wall Street’s estimate of $9.51 billion.
Chief Executive Carl Eschenbach said growth was supported by artificial intelligence and international demand, while CFO Zane Rowe said the company lifted its subscription revenue outlook to $8.815 billion, representing 14% growth, and raised its operating margin forecast to 29%.
Source :
https://www.investing.com/news/earnings/workday-beats-profit-estimates-but-weak-forecast-drags-shares-4205554
