Workday posts lukewarm quarterly subscription revenue, shares fall

Workday shares sink on subscription revenue guidance concerns

Workday shares fell as analysts lowered their price targets for the software maker after the company revised its full-year subscription revenue forecast.

Workday posts lukewarm quarterly subscription revenue, shares fall

(Reuters) -Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7% in extended trading. The human resources software provider’s fourth-quarter subscription revenue forecast was also barely above estimates, hit by sluggish demand from certain higher education customers that depend heavily on federal funding. Workday competes with Oracle, SAP a…

Workday shares sink on subscription revenue guidance concerns

The Workday Inc. pop-up pavilion ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Saturday, Jan. 19, 2025. Hollie Adams | Bloomberg | Getty Images Shares of software maker Workday slid nearly 8% on Wednesday as analysts lowered their price targets, citing a lack of a upside after the company revised its full-year subscription revenue forecast. Many software stocks have been under pressure in 2025 as commentators have worried th…

Workday shares sink on subscription revenue guidance concerns

The Workday Inc. pop-up pavilion ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Saturday, Jan. 19, 2025. Hollie Adams | Bloomberg | Getty Images Shares of software maker Workday slid nearly 8% on Wednesday as analysts lowered their price targets, citing a lack of a upside after the company revised its full-year subscription revenue forecast. Many software stocks have been under pressure in 2025 as commentators have worried th…