Workday Shares Slip 5 Percent on Q2 Results
Workday reported a 12.8 percent increase in second-quarter revenue driven by strong demand for its AI-powered software. However, shares fell five percent in extended trading as its forecast met rather than exceeded expectations.
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Workday Inc. Class A reported a 12.8% increase in second-quarter revenue to $2.65 billion, driven by enterprise adoption of its AI-powered software. Shares fell 5% in extended trading after its guidance met expectations. The results reflect steady cloud demand offset by cautious corporate spending.
