Workday Shares Fall Despite Q4 Beat

Workday Shares Fall Despite Q4 Beat Feb. 27, 2024, 11:36 a.m., readers: 14

Workday (NASDAQ:WDAY) disclosed yesterday that it surpassed fourth-quarter earnings expectations and acquired HiredScore, enhancing its artificial intelligence capabilities. Following the earnings report, Workday saw its stock decline by more than 2% intra-day today. For Q4, Workday reported earnings per share of $1.57, an increase from $0.99 in the same period the previous year, with revenue rising to $1.92 billion from $1.65 billion. This performance exceeded the expectations of Wall Street analysts, who had forecasted earnings per share of $1.47 on revenue of $1.92 billion. Additionally, Workday announced the acquisition of HiredScore, with plans to finalize the deal in the first quarter of its fiscal year 2025, which concludes on April 30.

About NASDAQ: WDAY

W orkday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger;

Price: 257.69
Market cap: 67.5 billion USD
Eps: -1.05
P/e ratio: -245.42
Focus Analysis On: WDAY