Workday Inc
- Workday Inc. plunged 12% to $238.0 after the human resource software company estimated lower-than-expected revenue and operating margin in the fourth quarter.
The software company estimated subscription revenue of $2.025 billion and an operating margin of 25% in the period.
Revenue in the fiscal third quarter ending in September increased 15.8% to $2.1 billion from $1.8 billion, net income advanced to $193 million from $114 million, and diluted earnings per share rose to 72 cents from 43 cents a year ago.
Workday repurchased approximately 0.6 million shares of Class A common stock for $157 million as part of its share repurchase programs.
Nov 27, 2024
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