Workday Q2 earnings top estimates

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Julie Hyman,Share Buyback

Workday (WDAY) reported second quarter adjusted earnings of $1.75 per share, well above the Street expectation of $1.64. Revenue of $2.09 billion was about...

) reported second quarter adjusted earnings of $1.75 per share, well above the Street expectation of $1.64. Revenue of $2.09 billion was about in line with the $2.08 billion estimate. The company's full-year subscription revenue guidance of $7.70 billion to $7.73 billion is unchanged. Workday also authorized an up to $1.0 billion share buyback.Let's go through the numbers here.

And the market has reflected that the shares are down something like 16% year to date, not including uh the decline that we're seeing right here.It was up almost 17% subscription revenues up by about the same amount here. I, I do know some on the street, Julie were actually already kind of looking through this print and they were more interested in the company's uh analyst day next month.

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