Workday forecasts 2027 subscription revenue below estimates, shares fall - Reuters
Workday forecasts 2027 subscription revenue below estimates, shares fall Reuters
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Notable Quotes
"Some net new large enterprise deals are taking longer to close."
— Rob Enslin , Executive
"We are prioritizing incremental investment in our agentic AI roadmap to capture a larger market opportunity."
— Zane Rowe , Executive
"AI will enable Workday to bring innovation back to the worlds of HR and finance."
— Aneel Bhusri , Executive
"Our strategy is to build new business processes designed around virtually unlimited AI reasoning."
— Gerrit Kazmaier , Executive
"While it's still early days, we've seen great initial traction with Sana."
— Rob Enslin , Executive
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<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxQcHVGbVQzeGFWLV9JajhMd2NXaU1Wb2w5YVFMM3YyLWk0RGl6TnlSMGdDX0JUbVNOLXBJVWFSU0tSdm9wYXNaMVNIVWJLbjgtOGtQa0VCZGVpQjJJQWREWXpCeU5nYV9vMGFjeWtwYjdOTUJyZFRQRnRjczlzbWVSaGppTUwyRGlKY3lPUXR4ak5OaDIyQmM2a2laQWFPVHp6eVREdThpcjk5anQtQkZTajVkUQ?oc=5" target="_blank">Workday forecasts 2027 subscription revenue below estimates, shares fall</a> <font color="#6f6f6f">Reuters</font>
Workday projects fiscal 2027 subscription revenue between $9.93 billion and $9.95 billion, below analyst expectations of $10 billion, leading to a 7% drop in shares after hours.
Despite reporting fourth-quarter results that narrowly topped estimates, Workday's forecast of 12% to 13% subscription revenue growth for fiscal 2027 led to a 6% decline in shares after hours.
Workday's forecast of fiscal 2027 subscription revenue between $9.93 billion and $9.95 billion, below analyst expectations of $10 billion, resulted in a 7% drop in shares after hours.
Workday's forecast of 12% to 13% subscription revenue growth for fiscal 2027, below analyst expectations, led to a 6% decline in shares after hours, amid concerns over AI competition.
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