{
Carl Eschenbach

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}

workday shares drop on disappointing quarterly forecast and future growth concerns

Workday shares fell 11% in after-hours trading following a quarterly forecast that missed Wall Street expectations, projecting a 25% adjusted operating margin and $2.03 billion in subscription revenue. Despite a 16% year-over-year revenue growth in the fiscal third quarter, the company faces increased deal scrutiny globally and aims to expand in the U.S. government sector. CEO Carl Eschenbach announced the acquisition of Evisort and the introduction of AI tools by 2025, anticipating a positive impact on future bookings and revenue.
CNBC
United States Dollar Salesforce, Inc. Google Inc. UiPath Inc. Workday, Inc. SAP SE Oracle Corporation Evisort USA Zane Rowe Carl Eschenbach Doug Robinson Rob Enslin Show more
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22:15 26.11.2024
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