Reported about 16 hours ago
Workday exceeded Wall Street forecasts for its fourth-quarter revenue due to strong demand for its subscription services, resulting in a 16% increase in subscription revenue to $2.04 billion. This growth is attributed to a stable job market and the company's integration of generative AI and machine learning into its offerings. Workday's total revenue reached $2.21 billion, and the company also announced a job cut of approximately 1,750 positions while maintaining investor confidence with a positive fiscal outlook.
Source: YAHOO