Workday called for a 25% adjusted operating margin in the current quarter, below Wall Street's estimate of 25.5%.
Workday's results for the October quarter surpassed expectations, but it guidance for the current quarter did not.Workday CEO Carl Eschenbach walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 14, 2023.shares slipped as much as 8% in extended trading on Tuesday after the human resources and finance software maker issued a quarterly forecast that came in below Wall Street projections.
31, according to aThe company reported net income of $193 million or 72 cents per share, up $114 million or 43 cents per share in the same quarter a year ago. The adjusted operating margin for the quarter was 26.3%. StreetAccount had expected 25.4%.For the fiscal fourth quarter, Workday called for an adjusted operating margin of 25% on $2.03 billion in subscription revenue. Analysts polled by StreetAccount were looking for a 25.5% margin and $2.04 billion in subscription revenue.
Earnings Workday Inc Business Technology Breaking News: Technology Enterprise Alphabet Inc SAP SE Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
College Football 25, Madden 25, EA FC 25, and NHL 25 Get Biggest Discounts YetEA Sports College Football 25, Madden NFL 25, EA FC 25, and NHL 25 are all their lowest prices ever for Black Friday.
Read more »
Northeast Ohio girls basketball Top 25: Preseason rankings, team previews for the 2024-25 seasonHere is the preseason installment of the cleveland.com Top 25 girls basketball rankings.
Read more »
Rock Academy rides hot streak past The Monarch School for Divsion 5-AA volleyball titleRock Academy runs its winning streak to 17 straight matches with Thursday’s 25-16, 15-25, 25-16, 25-27, 15-4 win
Read more »
Roundup: Southwest-San Diego and High Tech Mesa win section volleyball titlesSouthwest beat Orange Glen 24-26, 25-18, 25-20, 25-23 for the Division 5 championships
Read more »
Open and shut: Cathedral Catholic tops Torrey Pines for fourth consecutive CIF title in girls volleyballSaturday’s 25-18, 25-23, 25-15 win over rival Torrey Pines continues Dons’ run of dominance
Read more »
AP men's college basketball poll reaction: What's next for each Top 25 team?The latest AP Top 25 poll is out for the 2024-25 season. Here's what you need to know about all 25 teams.
Read more »