Workday (NASDAQ: WDAY) reported second-quarter financial results after the closing bell on Thursday. The software firm reported a 20% increase in Q2 revenues to $1.06 billion, beating Wall Street consensus. Subscription revenue was $931.7 million, an increase of 23.1% from the same period last year.
Net earnings of $0.84 per share also handsomely surpassed what analysts had anticipated.
WDAY shares rose 12% immediately following the announcement. The stock has increased 29% so far this year.
CEO Aneel Bhusri said, “It was a strong quarter despite the environment, with continued demand for our products as more organizations realize how mission-critical cloud-based systems are in supporting their people and businesses through continuous change.”
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and