Workday shares are trading higher late Thursday after the cloud-based provider of enterprise HR and financial software posted better-than-expected results for its fiscal second quarter ended July 31.
For the quarter, Workday (ticker: WDAY) reported revenue of $1.26 billion, up 19% from a year ago, and slightly ahead of the Street consensus estimate of $1.24 billion. Subscription revenue was $1.11 billion, up 20%, and ahead of the company’s guidance range of $1.095 billion to $1.097 billion. Non-GAAP profits were $1.23 a share, well ahead of consensus at 78 cents. Under generally....More>>>