Overview
- Adjusted EPS came in at $2.32 versus $2.18 expected, with revenue of $2.43 billion topping the $2.42 billion consensus.
- Shares fell more than 5% after-hours as the company guided to at least 28.5% adjusted operating margin for Q4, below Street projections.
- Workday forecast Q4 subscription revenue of $2.355 billion, and reported Q3 subscription revenue of $2.24 billion with a 28.5% adjusted operating margin.
- Revenue rose about 13% year over year in the quarter ended Oct. 31, with net income of $252 million, up from $193 million a year earlier.
- The company detailed AI agents and struck deals including a definitive agreement to acquire Pipedream and plans to buy Sana for $1.1 billion, while Elliott Management disclosed a stake above $2 billion.