1304 ET - Workday's unchanged outlook after logging higher than expected revenue last quarter, seems to be a conservatism move in the face of economic uncertainty, Bank of America Securities analysts say in a research note. "It is clear though that macro pressure is still unseen, suggesting potential for upside if the environment holds," the analysts say, suggesting the setup could help the company beat current guidance. Workday logged 13% subscription sales growth last quarter, beating expectations from both analysts and the company itself. Workday slides 11%. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 13:04 ET (17:04 GMT)
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