:max_bytes(150000):strip_icc()/GettyImages-2194619595-cd1bf1fd261f43c78521c5e548b05ae7.jpg?w=1920&resize=1920,1324&ssl=1 "Workday Stock Soars as Results Top Estimates, CEO Sees AI Growth Opportunities | Global News Avenue")
Workday Stock Soars as Results Top Estimates, CEO Sees AI Growth Opportunities
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Key Points
- The day after the company’s fourth-quarter results were better than expected, stocks soared in listing trading on Wednesday.
- Revenue and profit exceeded analyst expectations, while software manufacturers’ first-quarter and full-year forecasts roughly matched estimates.
- CEO Carl Eschenbach said the company saw growth opportunities for AI and the Trump administration’s focus on efficiency and modernization of the government system.
Shares for working days (Way) On Wednesday, the day after HR and financial software manufacturers’ fourth-quarter results for fiscal 2025, surged more than 10% in Wednesday’s listing trading.
Workday reported revenue of $2.21 billion, including $2.04 billion in subscription revenue, both exceeding the visible Alpha consensus. Adjustment Earnings per share (EPS) The price of $1.92 is also more than the estimate.
The company expects subscription revenue for the first quarter of fiscal 2026 to be $2.05 billion and $88 billion. These revenues match analyst estimates.
CEO sees government cut costs focus AI opportunities
Workday CEO Carl Eschenbach said in a earnings call on Tuesday that the company believes the company has “growing opportunities with the U.S. federal government” due to the government’s strong focus on promoting efficiency and IT modernization.
Eschenbach also said weekday growth Artificial Intelligence (AI) Products make technology “focus and center in every conversation I have with customers, prospects and partners. They want to go beyond productivity growth – they are looking for (ROI) which will help bring growth back into their business.”
Workday stock has lost 17% of its value over the past 12 months, up 11% in trading before entering Wednesday.
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