a work day (day) reported second-quarter earnings late Thursday that beat analyst estimates. WDAY stock rose in after-hours trading.
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For the three months ended July 31, Workday had adjusted earnings of $1.43 per share on revenue of $1.79 billion. Quarterly revenue increased 16.3% from the same period last year for the Pleasanton, California-based company.
Analysts had expected Workday earnings of $1.26 per share on revenue of $1.77 billion, according to FactSet. A year ago, Workday earned 83 cents a share on an adjusted basis for the second quarter, on sales of $1.54 billion.
WDAY stock jumped 4.1% to 234 in the latest move in the stock market today.
WDAY stock: climbing in after-hours trading
Workday sells software for managing human and financial resources, such as payroll tools.
For the current quarter ending in October, Workday officials expected subscription revenue to be $1.679 billion, based on mid range. Prior to today’s report, analysts were expecting $1.62 billion in subscription sales for Workday software in the quarter ending in October, according to FactSet.
Workday said subscription revenue for the fiscal second quarter increased 18.8% to $1.62 billion, compared to analyst estimates of $1.61 billion.
WDAY shares closed down 2.3% at 224.87 in the stock market today. Shares of the company are up 38% over the year, hitting the after-market earnings report on Thursday.
WDAY stock carries a composite best possible rating of 99 and a Strong Relative Strength rating of 94 out of 99, according to IBD stock check.
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