
Workday, a provider of HR software, reported its third-quarter earnings for fiscal 2024, showing strong financial performance but facing a negative market reaction. Total revenues increased by 15.8% year-over-year to $2.16 billion, surpassing analysts' estimates of $2.13 billion. Subscription revenues, a key segment, also rose by 15.8% to $1.959 billion. The company reported diluted earnings per share (EPS) of $0.72, up 67.4% from the same period last year, and non-GAAP EPS of $1.89, exceeding the consensus estimate of $1.76. Despite this double beat on revenue and EPS, Workday's stock fell 7% in after-hours trading and dropped 4% post-market. The company's CFO highlighted progress in key growth areas during the quarter.
Workday CFO: "In Q3, we once again made good progress across a number of our key growth areas" $WDAY: -7% AH https://t.co/ZfEKnt5a9k
$WDAY Lower reported Q3 EPS of $1.89, $0.13 better than the analyst estimate of $1.76. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.13 billion. https://t.co/LL40PSocPm
Workday gets crushed despite a double earnings beat: ~EPS: $1.89 vs $1.76 est ~SALES: $2.16B vs $2.13B est https://t.co/INgBRGZnhX $WDAY ๐ด -7.00% in after hours https://t.co/v9WXT6tng0




