Workday: Fiscal Q1 Earnings Snapshot
By AP News
Published - May 25, 2023, 04:21 PM ET
Last Updated - Jun 21, 2023, 03:54 PM EDT
PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Workday Inc. (WDAY) on Thursday reported break-even earnings in its fiscal first quarter.
The Pleasanton, California-based company said it had profit that was less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.
The results beat Wall Street expectations. The average estimate of 23 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The maker of human resources software posted revenue of $1.68 billion in the period, also surpassing Street forecasts. Twenty-five analysts surveyed by Zacks expected $1.67 billion.
