Workday (WDAY) Shares Up 6% on Strong Q4 Results

Workday (NASDAQ: WDAY) shares were trading more than 6% higher after-hours following the company’s reported strong Q4 results, with EPS coming in at $0.78, beating the consensus estimate of $0.71. Revenue grew 21.6% year-over-year to $1.38 billion, compared to the consensus estimate of $1.36 billion. Subscription revenue grew 22.2% year-over-year to $1.23 billion.

The company raised its full 2023-year subscription revenue guidance to $5.530-$5.550 billion, which represents a 22% year-over-year growth.

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