's (NASDAQ: WDAY) stock jumped 5% on Aug. 25 after the cloud-based software company issued its latest earnings report. For the second quarter of fiscal 2024, which ended on July 31, its revenue rose 16% year over year to $1.79 billion and exceeded analysts' expectations by $20 million. Its adjusted net profit grew 74% to $378 million, or $1.43 per share, and also cleared the consensus forecast by $0.17 per share.
That earnings beat was impressive, but does Workday still have room to run after its year-to-date rally of more than 40%? Let's dig deeper to find out.
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Source Fool.com