Workday reported a strictly mediocre set of results for the first quarter of the fiscal and delivered an earnings miss. The company has seen continued momentum in both its net new and customer-based teams and very strong renewals which is why its revenues managed to meet Wall Street expectations. Their subscription revenue increased by 23% but given the significant delays, the company’s backlog performance was negatively impacted. More broadly, the management sees a healthy overall pipeline, put ....
