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Workday shares jumped nearly 12 per cent premarket on Friday after the enterprise software maker beat first-quarter revenue and profit estimates.
Workday beat first-quarter revenue and profit estimates, causing shares to jump nearly 12 percent premarket.
KEY POINTS
- Net new business contributed 40 percent of Workday's 14.3 percent subscription revenue growth.
- Workday maintained its annual subscription revenue forecast despite surpassing quarterly expectations.
- Workday's quarterly adjusted profit was $2.66 per share, exceeding analysts' estimate of $2.51.
COMPANIES
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