Workday Inc. is a leading provider of enterprise cloud applications for finance and human resources. The company specializes in delivering solutions that assist organizations in managing payroll, talent management, financial planning, and analytics. By leveraging advanced technology and user-friendly interfaces, Workday enables businesses to streamline their operations, enhance workforce productivity, and make data-driven decisions. The platform's adaptability supports a wide range of industries, helping companies navigate complex business challenges while ensuring compliance and fostering employee engagement.
Shares of finance and HR software company Workday (NASDAQ:WDAY)
fell 12.4% in the morning session after the company reported underwhelming third-quarter results. Its billings missed, as the company observed continued deal scrutiny in EMEA. Also, key deals slipped in the quarter, affecting revenue recognition.
Finance and HR software company Workday (NASDAQ:WDAY) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 15.8% year on year to $2.16 billion. Its non-GAAP profit of $1.89 per share was 7.5% above analysts’ consensus estimates.
Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling 1.2% in intraday trading.
Workday shares are sliding after the company reported its third-quarter results after Tuesday's closing bell. Here's a look at the details from the report.
