Workday forecasts 2027 subscription revenue below estimates, shares fall - Reuters

<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxQcHVGbVQzeGFWLV9JajhMd2NXaU1Wb2w5YVFMM3YyLWk0RGl6TnlSMGdDX0JUbVNOLXBJVWFSU0tSdm9wYXNaMVNIVWJLbjgtOGtQa0VCZGVpQjJJQWREWXpCeU5nYV9vMGFjeWtwYjdOTUJyZFRQRnRjczlzbWVSaGppTUwyRGlKY3lPUXR4ak5OaDIyQmM2a2laQWFPVHp6eVREdThpcjk5anQtQkZTajVkUQ?oc=5" target="_blank">Workday forecasts 2027 subscription revenue below estimates, shares fall</a>&nbsp;&nbsp;<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.