Even as stock markets have performed well in 2023, some investors have remained on edge. The breadth of the market rally this year has been quite narrow, with just a handful of stocks accounting for the lion's share of gains for major market benchmarks. Ideally, bullish market participants would prefer to see more stocks rise as part of a more sustained rally.

From that perspective, tech investors got some good news on Wednesday morning. Tech stocks beyond the giga-cap giants scored some hard-earned gains, including human resources software specialist Workday (NASDAQ: WDAY) and data storage company NetApp (NASDAQ: NTAP). Here's a closer look at what these two companies said and why their shareholders are excited at the news.

Shares of Workday were up more than 8% on Wednesday morning. The enterprise software company specializing in finance and human resources reported fiscal third-quarter financial results for the period ended Oct. 31, and investors liked what they saw in the report.

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Source Fool.com