Workday Shares Drop Amid Slowing Growth

Workdays Q3 subscription revenue met expectations but hinted at slowing demand, causing shares to drop. The companys Q4 forecast barely edged past estimates, with sluggish demand from higher education customers contributing to the soft outlook. Despite positive Q3 results, including a 12.6% revenue increase and an adjusted profit of $2.32 per share, the markets focus on future growth projections and economic headwinds led to a negative reaction.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.