Workday Surpasses Q4 Earnings Expectations, Plans HiredScore Acquisition

Despite a positive earnings report, Workday's shares fell in after-hours trading as the company reaffirms its growth projections for fiscal year 2025.

• Workday Inc. reported fiscal fourth-quarter earnings of $1.19 billion, surpassing Wall Street expectations.
• The company announced its intent to acquire HiredScore, aiming to strengthen its product offerings.
• Workday's total subscription revenue backlog increased to $20.9 billion, up 27% from the previous year.
• The company's shares fell in after-hours trading, despite the positive earnings report.
• Workday reaffirmed its fiscal year 2025 subscription revenue guidance, projecting growth of 17% to 18%.

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Investor's Business Daily Quartz Benzinga