Workday stock slips on light quarterly forecast
Summary
Workday shares slipped as much as 11% in extended trading on Tuesday after the human resources and finance software maker issued a quarterly forecast that came in below Wall Street projections. Workdays finance chief, Zane Rowe, called for $8.8 billion in fiscal year 2026 subscription revenue, good for 14% growth. Workday said Rob Enslin, the former Google and SAP executive who stepped down as UiPath CEO in June, was joining as president and chief commercial officer. Workday also said artificial intelligence agents for spotting inefficiencies, filing expense reports and updating succession plans would become available in early access in 2025. WATCH: Slowinski: Oracles cloud growth is strong, while Salesforce and Workday face weaker demand
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applications
Accounting and Taxes
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Enterprise Software
SaaS
Human Capital Management Software
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Workday
$1B+