Workday Stock Plunges Amid Soft Subscription Revenue Guidance
Workday(WDAY) investopedia.com·2024-05-24 10:20
Key TakeawaysWorkday shares traded sharply lower in extended trading Thursday after the cloud-based professional services company provided softer-than-expected current-quarter and full-year subscription revenue guidance.The company lowered its full-year subscription revenue forecast, citing elevated sales scrutiny and lower customer headcount growth.Separately, the company announced a partnership with the Defense Intelligence Agency to modernize the government agency's human resources efforts.Monitor how th ...