Reported about 2 months ago
Workday has outperformed Wall Street's revenue expectations for the second quarter and announced a stock buyback plan worth $1 billion, boosting its shares by approximately 11% in pre-market trading. Despite rising corporate expenditures on payroll services, particularly from small to medium enterprises, the company projected third-quarter subscription revenue below estimates due to a slowdown in hiring and anticipated changes in the economic environment.
Source: YAHOO