Workday expects lower annual revenue as corporate tech spending cools
The enterprise software firm expects annual subscription revenue to miss Wall Street targets. Economic uncertainty continues to weigh on new client growth.
Insights:
Workday, Inc. forecast fiscal 2027 annual subscription revenue of $9.93 billion to $9.95 billion on Tuesday, falling below the $10.00 billion expectation held by Wall Street analysts. This newly announced guidance, which was also noted by LSEG, signals slower subscription revenue growth than the market had anticipated for the upcoming fiscal year.
