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Feb 26, 10:50 PM
Workday Meets Revenue at $1.92B, EPS $1.57; Zoom Beats with $1.15B Revenue, EPS $1.42, +11.3% AH
Economics
Business

Workday Meets Revenue at $1.92B, EPS $1.57; Zoom Beats with $1.15B Revenue, EPS $1.42, +11.3% AH

Authors
  • Reuters
  • Stocktwits
  • *Walter Bloomberg
15

Workday, Inc. reported a revenue of $1.92 billion, in line with analysts' expectations, and an adjusted EPS of $1.57, beating the forecast of $1.47. Despite these figures, Workday's stock declined by 5% after hours and projected FY25 revenue guidance indicating a slight miss from the estimated $7.77 billion. The company's market cap stands at $81.24 billion. Zoom Video Communications exceeded expectations with a quarterly revenue of $1.15 billion and an adjusted EPS of $1.42, outperforming the estimated $1.15, leading to an 11.3% increase in its stock after hours. Zoom announced a new share buyback program worth up to $1.5 billion and reported a significant increase in free cash flow to $332.7 million. The company saw a 4.9% year-over-year increase in enterprise revenues to $667.3 million, a gross margin of 75.9%, and a 9.8% increase in customers contributing more than $100,000 in TTM revenues to 3,810. CEO Eric Yuan highlighted the company's robust profitability and the introduction of Zoom AI Companion, aimed at enhancing productivity.

Written with ChatGPT (GPT-4).

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