Why Workday Stock Was Climbing Today
Shares of Workday (NASDAQ: WDAY) were rising today after the software-as-a-service company posted better-than-expected results on the bottom line in its third-quarter earnings report. To top it off, it also raised its guidance for the year.
In a challenging environment for tech stocks, that was enough to give the shares a boost, and the stock was up 10.8% as of 10:20 a.m. ET.
Revenue at Workday, which provides a comprehensive software suite for businesses to manage finance and HR needs, rose 20.5% to $1.6 billion -- essentially even with analysts' estimate of $1.59 billion.
Source Fool.com
