Workday Shares Up 5.8% After Hours on Higher 3Q Revenue
29 Novembro 2022 - 7:16PM
Dow Jones News
By Kathryn Hardison
Shares of Workday Inc. rose 5.8% to $151.68 in after-hours
trading on Tuesday after the company reported higher third-quarter
revenue as organizations continue to use its enterprise cloud
applications for finance and human resources.
The company said quarterly revenue climbed 21% to $1.60 billion,
while subscription revenue increased 22% to $1.43 billion.
Co-Chief Executive Chano Fernandez said the company's results
represent how organizations are continuing to choose Workday's
services during their digital transformations.
The company swung to a loss of $74.7 million, or 29 cents per
share, from a profit of $43.4 million, or 17 cents per share a year
ago. Adjusted per-share earnings were 99 cents.
Workday also said it was raising the low end of its fiscal 2023
subscription revenue guidance to a range of $5.555 billion to
$5.557 billion.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
November 29, 2022 17:01 ET (22:01 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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