WDAY Stock Recent News

Tech stocks like Workday (WDAY), Microsoft (MSFT), Meta Platforms (META), NVIDIA (NVDA) and Alphabet (GOOGL) are poised to benefit once the Fed starts cutting rates in 2024.

With healthy fundamentals, Workday (WDAY) appears primed for further appreciation.

Workday, Inc. (WDAY) Management Presents at Barclays Global Technology Conference (Transcript)

Workday is a leader in the human capital management market and is expanding into financial management. The company has a strong position in the HCM market, offering cloud-based solutions and automation for workforce management. Workday's expansion into financial services is strategically sound, and they have a strong pipeline for sales to new and existing clients.

Workday (WDAY) shares soared over 12% in early trading Wednesday as the finance and human resources software provider posted better-than-expected results and boosted its guidance as subscription sales jumped on demand for its artificial intelligence (AI) products.

Workday, Inc. (NASDAQ:WDAY ) Q3 2023 Earnings Call Transcript November 28, 2023 4:30 PM ET Company Participants Justin Furby - Vice President, Investor Relations Carl Eschenbach - Co-Chief Executive Officer Aneel Bhusri - Co-Chief Executive Officer Doug Robinson - Co-President Zane Rowe - Chief Financial Officer Conference Call Participants Mark Murphy - JPMorgan Kash Rangan - Goldman Sachs Kirk Materne - Evercore Luv Sodha - Jefferies Brad Sills - Bank of America Alex Zukin - Wolfe Research Raimo Lenschow - Barclays Derrick Wood - TD Cowen Karl Keirstead - UBS Pat Walravens - JMP Securities Scott Berg - Needham & Company Brian Schwartz - Oppenheimer Operator Welcome to Workday's Fiscal 2024 Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.

The headline numbers for Workday (WDAY) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Workday Inc (NASDAQ:WDAY) shares moved higher in afterhours trade on Tuesday as the provider of enterprise cloud applications for finance and human resources professionals reported estimate-topping third quarter results. For 3Q, Workday said its revenue rose 16.7% year-over-year to $1.87 billion, ahead of estimates of $1.84 billion.

Shares of Workday Inc. ran higher after hours on Tuesday after the cloud-based workplace-management software reported third-quarter results that beat expectations and raised its full-year subscription-revenue forecast.

Workday (WDAY) is likely to report a top-line growth year over year in the third quarter of fiscal 2024 driven by solid demand for its financial and human capital management solution.